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Upgrade Alert for NuStar Energy (NS)

By James Quinn

NuStar Energy (NYSE:NS) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $61.22 on volume of 195,000 shares, below average daily volume of 201,000.

In the past 52 weeks, NuStar Energy share prices have been bracketed by a low of $50.91 and a high of $68.33 and closed yesterday at $61.22, 20% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.11% lower over the past week, respectively.

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.

Potential upside of 10.1% exists for NuStar Energy, based on a current level of $61.22 and analysts' average consensus price target of $67.38. The stock should find initial resistance at its 200-day moving average (MA) of $61.53 and further resistance at its 50-day MA of $63.69.

SmarTrend recommended that its subscribers protect gains by selling shares of NuStar Energy on May 21st, 2015 by issuing a Downtrend alert when the shares were trading at $63.26. Since that call, shares of NuStar Energy have fallen 3.2%. 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