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Plains All American Pipeline Crosses Below its 10-day MA (PAA)

By Shiri Gupta

Today, shares of Plains All American Pipeline (NYSE:PAA) have fallen below their 10-day MA of $27.09 on a volume of 272K 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.

Over the past year, Plains All American Pipeline has traded in a range of $14.82 to $50.63 and is now at $26.52, 79% above that low. The 200-day and 50-day moving averages have moved 1.41% lower and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Plains All American Pipeline on April 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.03. Since that recommendation, shares of Plains All American Pipeline have risen 18.9%. We continue to monitor PAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses plains all american pipeline

Ticker(s): PAA