Enbridge Energy L.P. (EEP) : Traders are bullish on Enbridge Energy L.P. (EEP) as it has outperformed the S&P 500 by a wide margin of 1.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.39% in the last 1 week, and is up 1.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 2.85%.The 200 Day SMA reached 20.01%. Enbridge Energy Partners, L.P. is up 8.97% in the last 3-month period. Year-to-Date the stock performance stands at 13.55%.
Enbridge Energy L.P. (NYSE:EEP): After opening at $23.62, the stock dipped to an intraday low of $23.575 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.02 and the buying power remained strong till the end. The stock closed at $24 for the day, a gain of 2.65% for the day session. The total traded volume was 591,608. The stocks close on the previous trading day was $23.38.
Enbridge Energy Partners, L.P. (the Partnership) is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States of America. The Companys activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities and NGL fractionation facilities.