Energy Transfer Partners Falls 1.05% on Heavy Volume: Watch For Potential Rebound
Energy Transfer Partners (NYSE:ETP) traded in a range yesterday that spanned from a low of $35.02 to a high of $36.38. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $35.20 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Energy Transfer Partners has traded in a range of $18.62 to $59.09 and is now at $36.05, 94% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.1%.
SmarTrend is monitoring the recent change of momentum in Energy Transfer Partners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Energy Transfer Partners in search of a potential trend change.
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