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Boardwalk Pipeline Partners Crosses Above its 10-day MA (BWP)

By Shiri Gupta

Today, shares of Boardwalk Pipeline Partners (NYSE:BWP) have crossed bullishly above their 10-day moving average of $24.68 on a volume of 458K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Boardwalk Pipeline Partners has traded in a range of $24.07 to $33.00 and is now at $25.22, 5% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 2.05% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Boardwalk Pipeline Partners on November 5th, 2013 by issuing a Downtrend alert when the shares were trading at $28.95. Since that call, shares of Boardwalk Pipeline Partners have fallen 15.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses boardwalk pipeline partners

Ticker(s): BWP