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Upgrade Alert for Enbridge Energy Partners (EEP)

By James Quinn

Enbridge Energy Partners (NYSE:EEP) was upgraded from Perform to Outperform at Oppenheimer today. The stock closed yesterday at $27.79 on volume of 938,000 shares, below average daily volume of 1.1 million.

In the past 52 weeks, shares of Enbridge Energy Partners have traded between a low of $22.40 and a high of $41.68 and closed yesterday at $27.79, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

Enbridge Energy Partners has overhead space with shares priced $27.79, or 31.5% below the average consensus analyst price target of $40.56. Enbridge Energy Partners shares should encounter resistance at the 200-day moving average (MA) of $34.49 and support at the 50-day MA of $27.04.

Enbridge Energy Partners, L.P. is a master limited partnership that transports and stores hydrocarbon energy. The Company transports crude oil and natural gas liquids to refineries in the midwestern United States and eastern Canada.

SmarTrend is monitoring the recent change of momentum in Enbridge Energy Partners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Enbridge Energy Partners in search of a potential trend change.

Keywords: analyst upgrades/downgrades enbridge energy partners

Ticker(s): EEP