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Downgrade Alert for El Paso Pipeline Partners (EPB)

By Nick Russo

El Paso Pipeline Partners (NYSE:EPB) was downgraded from Neutral to Sell at Goldman Sachs today. The stock closed yesterday at $36.64 on volume of 883,000 shares, above average daily volume of 733,000.

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

In the past 52 weeks, El Paso Pipeline Partners share prices have been bracketed by a low of $28.87 and a high of $44.85 and closed yesterday at $36.64, 27% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.63% higher over the past week, respectively.

Based on a current price of $36.64, El Paso Pipeline Partners is currently 6.3% above its average consensus analyst price target of $34.33. The stock should discover initial support at its 200-day moving average (MA) of $35.23 and subsequent support at its 50-day MA of $33.95.

SmarTrend recommended that subscribers consider buying shares of El Paso Pipeline Partners on April 14th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.37. Since that recommendation, shares of El Paso Pipeline Partners have risen 13.2%. We continue to monitor EPB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades el paso pipeline partners

Ticker(s): EPB