Plains All American Pipeline L.P. (PAA) Shares are Up 0.03%

On a relative basis, the stock has outperformed the S&P 500 by 1.21% 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 0.03% in the last 1 week, and is up 8.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Plains All American Pipeline L.P. (NYSE:PAA): The stock opened at $29.15 on Friday but the bulls could not build on the opening and the stock topped out at $29.41 for the day. The stock traded down to $28.94 during the day, due to lack of any buying support eventually closed down at $29.01 with a loss of -0.89% for the day. The stock had closed at $29.27 on the previous day. The total traded volume was 1,676,335 shares.

Plains

The stock has recorded a 20-day Moving Average of 3.87% and the 50-Day Moving Average is 10.2%. Plains All American Pipeline, L.P. is up 22.1% in the last 3-month period. Year-to-Date the stock performance stands at 33.84%.

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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