On a relative basis, the stock has outperformed the S&P 500 by 2.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.3% in the last 1 week, and is up 2.4% 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 0.92% and the 50-Day Moving Average is 1.33%.The 200 Day SMA reached 14.97%. Enbridge Energy Management LLC is up 3.22% in the last 3-month period. Year-to-Date the stock performance stands at 8.68%.
Enbridge Energy Management LLC (NYSE:EEQ): After opening at $23.13, the stock dipped to an intraday low of $23.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.5 and the buying power remained strong till the end. The stock closed at $23.43 for the day, a gain of 1.96% for the day session. The total traded volume was 132,788. The stocks close on the previous trading day was $22.98.
Enbridge Energy Management, L.L.C. (Enbridge Management), is a limited partner of Enbridge Energy Partners, L.P. (Partnership), through its ownership of i-units, a special class of the Partnerships limited partner interests. The Partnership 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 Enbridge Energy Company, Inc. (General Partner) owns all of its voting shares and is an indirect, wholly owned subsidiary of Enbridge Inc., which is an energy transportation and distribution company, located in Calgary, Alberta and Canada. The Company manages the business and affairs of the Partnership, subject to the General Partners right to approve specified actions.