Plains All American Pipeline L.P. (PAA) Shares are Down -0.39%

Plains All American Pipeline L.P. (PAA) has risen sharply, recording gains of 1.18% in the past 4 weeks. However, the stock has corrected -0.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 1.55%.The 200 Day SMA reached 23.82%. Plains All American Pipeline, L.P. is up 11.09% in the last 3-month period. Year-to-Date the stock performance stands at 34.38%.

Plains

Plains All American Pipeline L.P. (NYSE:PAA): After opening at $28.38, the stock dipped to an intraday low of $28.07 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.52 and the buying power remained strong till the end. The stock closed at $28.41 for the day, a gain of 1.28% for the day session. The total traded volume was 1,283,112. The stocks close on the previous trading day was $28.05.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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