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Bullish Moving Average Cross by Sunoco Logistics Partners (SXL)

By Shiri Gupta

Today, shares of Sunoco Logistics Partners (NYSE:SXL) have advanced above their 10-day MA of $27.83 on a volume of 141K 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.

Sunoco Logistics Partners share prices have moved between a 52-week high of $44.90 and a 52-week low of $15.43 and are now trading 82% above that low price at $28.03 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.0%.

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

Keywords: moving crosses sunoco logistics partners

Ticker(s): SXL