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Sunoco Logistics Partners Crosses Below its 10-day MA (SXL)

By David Diaz

Today, shares of Sunoco Logistics Partners (NYSE:SXL) have fallen below their 10-day MA of $28.26 on a volume of 3.5 million 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.

In the past 52 weeks, shares of Sunoco Logistics Partners have traded between a low of $15.43 and a high of $44.90 and are now at $27.38, which is 77% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.0%.

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

Keywords: moving crosses sunoco logistics partners

Ticker(s): SXL