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Energy Transfer Partners Crosses Above its 10-day MA (ETP)

By Shiri Gupta

Energy Transfer Partners (NYSE:ETP) shares have crossed bullishly above their 10-day moving average of $34.67 on a volume of 2.4 million 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.

Energy Transfer Partners share prices have moved between a 52-week high of $59.09 and a 52-week low of $18.62 and are now trading 87% above that low price at $34.90 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.8%.

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 8.0%. 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