Enbridge Energy L.P. (EEP) : Traders are bullish on Enbridge Energy L.P. (EEP) as it has outperformed the S&P 500 by a margin of 3.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.5%, 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 5.14% in the last 1 week, and is up 10.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Enbridge Energy L.P. (NYSE:EEP): The stock opened at $24.89 on Friday but the bulls could not build on the opening and the stock topped out at $25.06 for the day. The stock traded down to $24.40 during the day, due to lack of any buying support eventually closed down at $24.75 with a loss of -0.60% for the day. The stock had closed at $24.90 on the previous day. The total traded volume was 1,878,077 shares.
The stock has recorded a 20-day Moving Average of 6.47% and the 50-Day Moving Average is 10.01%. Enbridge Energy Partners, L.P. is up 17.17% in the last 3-month period. Year-to-Date the stock performance stands at 14.07%.
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.