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Energy Transfer Partners Bullish Moving Average Crossover Alert (ETP)

By James Quinn

Today, shares of Energy Transfer Partners (NYSE:ETP) have crossed bullishly above their 10-day moving average of $34.63 on a volume of 921K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Energy Transfer Partners has traded in a range of $18.62 to $59.09 and is now at $35.54, 91% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Energy Transfer Partners on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.08. Since that recommendation, shares of Energy Transfer Partners have risen 14.1%. We continue to monitor ETP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses energy transfer partners

Ticker(s): ETP