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Buckeye Partners Bearish Moving Average Crossover Alert (BPL)

By David Diaz

Today, shares of Buckeye Partners (NYSE:BPL) have fallen below their 10-day MA of $69.89 on a volume of 1.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Buckeye Partners have traded between a low of $47.07 and a high of $82.98 and are now at $67.98, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Buckeye Partners and will alert subscribers who have BPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses buckeye partners

Ticker(s): BPL