Upgrade Alert for NuStar Energy (NS)
NuStar Energy (NYSE:NS) was upgraded from Underweight to Neutral at JP Morgan today. The stock closed yesterday at $40.84 on volume of 250,000 shares, below average daily volume of 322,000.
Potential upside of 20.0% exists for NuStar Energy, based on a current level of $40.84 and analysts' average consensus price target of $49.00. The stock should find initial resistance at its 50-day moving average (MA) of $43.85 and further resistance at its 200-day MA of $47.45.
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.
In the past 52 weeks, shares of NuStar Energy have traded between a low of $38.43 and a high of $54.95 and closed yesterday at $40.84, which is 6% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.39% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of NuStar Energy on April 26th, 2013 by issuing a Downtrend alert when the shares were trading at $50.58. Since that call, shares of NuStar Energy have fallen 19.3%. 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