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Recent 52-Week High Exceeded in Shares of Plains All American Pipeline (PAA)

By David Diaz

Shares of Plains All American Pipeline (NYSE:PAA) traded today at $59.21, breaking its 52-week high. So far today approximately 255,000 shares have been exchanged, as compared to an average 30-day volume of 820,000 shares.

There is potential upside of 5.5% for shares of Plains All American Pipeline based on a current price of $58.99 and an average consensus analyst price target of $62.26. The stock should discover initial support at its 50-day moving average (MA) of $56.89 and subsequent support at its 200-day MA of $53.20.

Plains All American Pipeline, L.P. is involved in interstate and intrastate crude oil pipeline transportation and crude oil terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX and an oil gathering system in CA.

In the past 52 weeks, shares of Plains All American Pipeline have traded between a low of $47.26 and a high of $59.21 and are now at $58.99, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 0.32% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Plains All American Pipeline. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Plains All American Pipeline in search of a potential trend change.

Keywords: 52 week high/lows plains all american pipeline

Ticker(s): PAA