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Look for Shares of Plains All American Pipeline to Potentially Rebound after Yesterday's 1.15% Sell Off

By Nick Russo

Plains All American Pipeline (NYSE:PAA) traded in a range yesterday that spanned from a low of $30.36 to a high of $30.78. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $30.55 on volume of 437,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Plains All American Pipeline share prices have moved between a 52-week high of $50.63 and a 52-week low of $14.82 and are now trading 105% above that low price at $30.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 1.4%.

SmarTrend is tracking the current trend status for Plains All American Pipeline and will alert subscribers who have PAA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders plains all american pipeline

Ticker(s): PAA