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Downgrade Alert for El Paso Pipeline Partners (EPB)

By Shiri Gupta

El Paso Pipeline Partners (NYSE:EPB) was downgraded from Accumulate to Hold at Tudor Pickering today. The stock closed yesterday at $40.95 on volume of 607,000 shares, above average daily volume of 465,000.

Potential upside of 7.2% exists for El Paso Pipeline Partners, based on a current level of $40.95 and analysts' average consensus price target of $43.91. El Paso Pipeline Partners shares should first meet resistance at the 50-day moving average (MA) of $41.60 and find additional resistance at the 200-day MA of $42.03.

El Paso Pipeline Partners share prices have moved between a 52-week high of $44.99 and a 52-week low of $33.64 and closed yesterday at 22% above that low price at $40.95 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

El Paso Pipeline Partners, LP. owns and operates natural gas transportation pipelines, storage and other midstream assets.

SmarTrend is tracking the current trend status for El Paso Pipeline Partners and will alert subscribers who have EPB in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades el paso pipeline partners

Ticker(s): EPB