Buckeye Partners (NYSE:BPL) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $61.16 on volume of 432,000 shares, below average daily volume of 536,000.

Buckeye Partners, L.P. is an independent pipeline common carrier of refined petroleum products. The Company receives petroleum products from refineries, connecting pipelines, and marine terminals and transports those products to other locations.

Buckeye Partners (NYSE:BPL) is currently priced 7.0% above its average consensus analyst price target of $56.88. The stock should discover initial support at its 50-day moving average (MA) of $55.51 and subsequent support at its 200-day MA of $51.11.

In the past 52 weeks, shares of Buckeye Partners have traded between a low of $44.37 and a high of $62.54 and closed yesterday at $61.16, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Buckeye Partners on January 7th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.83. Since that recommendation, shares of Buckeye Partners have risen 25.3%. We continue to monitor BPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.