Downgrade Alert for Sunoco Logistics Partners (SXL)
Sunoco Logistics Partners (NYSE:SXL) was downgraded from Accumulate to Hold at Tudor Pickering today. The stock closed yesterday at $52.10 on volume of 361,000 shares, above average daily volume of 235,000.
Sunoco Logistics Partners share prices have moved between a 52-week high of $52.19 and a 52-week low of $31.65 and closed yesterday at 65% above that low price at $52.10 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.
Sunoco Logistics Partners L.P. acquires, owns, and operates a group of refined product and crude oil pipelines and terminal facilities.
There is potential upside of 8.0% for shares of Sunoco Logistics Partners based on a current price of $52.10 and an average consensus analyst price target of $56.25. The stock should find initial support at its 50-day moving average (MA) of $49.64 and further support at its 200-day MA of $42.75.
SmarTrend recommended that subscribers consider buying shares of Sunoco Logistics Partners on November 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.34. Since that recommendation, shares of Sunoco Logistics Partners have risen 3.5%. We continue to monitor SXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades sunoco logistics partners