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Buckeye Partners Crosses Above its 10-day MA (BPL)

By David Diaz

Today, shares of Buckeye Partners (NYSE:BPL) have advanced above their 10-day MA of $69.96 on a volume of 106K 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, Buckeye Partners has traded in a range of $47.07 to $82.98 and is now at $71.51, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Buckeye Partners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Buckeye Partners in search of a potential trend change.

Keywords: moving crosses buckeye partners

Ticker(s): BPL