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Upgrade Alert for NuStar Energy (NS)

By David Diaz

NuStar Energy (NYSE:NS) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $44.70 on volume of 470,000 shares, above average daily volume of 446,000.

In the past 52 weeks, shares of NuStar Energy have traded between a low of $25.65 and a high of $66.87 and closed yesterday at $44.70, which is 74% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 3.2%.

NuStar Energy L.P. transports and stores crude oil and refined products. The Company operates pipelines, terminals, and oil storage facilities. NuStar operates in North America, Latin America, the Caribbean, the United Kingdom, and continental Europe.

NuStar Energy has overhead space with shares priced $44.70, or 20.9% below the average consensus analyst price target of $56.50. The stock should discover initial support at its 200-day moving average (MA) of $42.90 and subsequent support at its 50-day MA of $41.67.

SmarTrend recommended that its subscribers protect gains by selling shares of NuStar Energy on June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $47.82. Since that call, shares of NuStar Energy have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades nustar energy

Ticker(s): NS