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Enterprise Products Partners Bearish Moving Average Crossover Alert (EPD)

By James Quinn

Today, shares of Enterprise Products Partners (NYSE:EPD) have crossed bearishly below their 10-day moving average of $28.22 on a volume of 457K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Enterprise Products Partners share prices have been bracketed by a low of $19.00 and a high of $34.56 and are now at $28.07, 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Enterprise Products Partners on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.92. Since that recommendation, shares of Enterprise Products Partners have risen 24.2%. We continue to monitor EPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses enterprise products partners

Ticker(s): EPD