Plains All American Pipeline Shares Up 40.3% Since SmarTrend's Buy Recommendation (PAA)
SmarTrend identified an Uptrend for Plains All American Pipeline (NYSE:PAA) on April 13th, 2016 at $23.03. In approximately 6 months, Plains All American Pipeline has returned 40.28% as of today's recent price of $32.30.
In the past 52 weeks, Plains All American Pipeline share prices have been bracketed by a low of $14.82 and a high of $50.63 and are now at $32.30, 118% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.6%.
Plains All American Pipeline, L.P. is involved in interstate and intrastate crude oil pipeline transportation and crude oil terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX and an oil gathering system in CA.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Plains All American Pipeline shares.
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