Kayne Anderson MLP Investment (NYSE:KYN) traded today at a new 52-week high of $34.56. This new high was reached on below average trading volume as 73,000 shares traded hands, while the average 30-day volume is approximately 323,000 shares.

Kayne Anderson MLP Investment has overhead space with shares priced $34.21, or 16.6% below the average consensus analyst price target of $41.00. The stock should discover initial support at its 50-day moving average (MA) of $31.59 and subsequent support at its 200-day MA of $30.66.

Kayne Anderson MLP Investment Company is a non-diversified, closed-end investment company incorporated in the USA. The Company's objective is to obtain a high after-tax total return by investing at least 85% of its total assets in MLPs and other Midstream Energy Companies.

Kayne Anderson MLP Investment share prices have moved between a 52-week high of $34.56 and a 52-week low of $27.25 and are now trading 26% above that low price at $34.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kayne Anderson MLP Investment on January 7th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.12. Since that recommendation, shares of Kayne Anderson MLP Investment have risen 10.4%. We continue to monitor KYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.