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Enbridge Energy Partners Crosses Below its 10-day MA (EEP)

By Amy Schwartz

Today, shares of Enbridge Energy Partners (NYSE:EEP) have fallen below their 10-day MA of $24.24 on a volume of 252K 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.

Enbridge Energy Partners share prices have moved between a 52-week high of $38.53 and a 52-week low of $14.27 and are now trading 68% above that low price at $23.95 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Enbridge Energy Partners on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.72. Since that recommendation, shares of Enbridge Energy Partners have risen 37.6%. We continue to monitor EEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses enbridge energy partners

Ticker(s): EEP