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SmarTrend Watching for Potential Rebound in Shares of Plains All American Pipeline After 2.23% Loss

By Amy Schwartz

Plains All American Pipeline (NYSE:PAA) traded in a range yesterday that spanned from a low of $29.64 to a high of $30.35. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $30.15 on volume of 1.0 million 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 101% above that low price at $29.78 per share. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.6%.

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