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Bullish Moving Average Cross by Plains All American Pipeline (PAA)

By David Diaz

Plains All American Pipeline (NYSE:PAA) shares have crossed bullishly above their 10-day moving average of $27.79 on a volume of 244K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Plains All American Pipeline have traded between a low of $14.82 and a high of $50.63 and are now at $27.99, which is 89% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Plains All American Pipeline on April 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.03. Since that recommendation, shares of Plains All American Pipeline have risen 20.0%. We continue to monitor PAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses plains all american pipeline

Ticker(s): PAA