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JimVanMeerten (62.19)

Plains All American Pipeline is on the move

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January 06, 2012 – Comments (2) | RELATED TICKERS: PAA

This morning I added Plains All American Pipeline (PAA) to the Barchart Van Meerten New High portfolio for positive price momentum:


Barchart technical indicators:

1 - 96% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 17 new highs and up 10.16% in the last month

5 - Relative Strength Index 83.03%

6 - Barchart computes a technical support level at 72.22

7 - Traded recently at 73.93 with a 50 day moving average of 67.22

2 Comments – Post Your Own

#1) On January 06, 2012 at 9:42 AM, mm5525 (< 20) wrote:

Welcome aboard. I have owned PAA for a few years now, and it's been a monster performer, especially in the last 2 months as you've basically indicated by the 50-day. PAA has great exposure in the Canadian Oil Sands as well as the Bakken and down to Cushing/Houston. All those secondary offerings are really starting to pay off, as annoying as they are when they happen. They've acquired some great assets from the likes of BP as well as many others with that additional capital. I own several MLPs and PAA is one of my best ponies, although OKS is my best all-out performer. Just before I hit 'send' I was just notified that Morgan Stanley just upgraded PAA to outperform as well.

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#2) On January 06, 2012 at 4:41 PM, dave22q (< 20) wrote:

in mid December i  picked up some to add to my SXL.  pipelines look good and given the strong move in SXL, PAA may outperform for a few months.

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