Plains All American Pipeline (NYSE:PAA) traded at a new 52-week high today of $82.67. So far today approximately 286,000 shares have been exchanged, as compared to an average 30-day volume of 483,000 shares.
Plains All American Pipeline, L.P. is involved in interstate and intrastate crude oil pipeline transportation and crude oil terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX and an oil gathering system in CA.
Plains All American Pipeline share prices have moved between a 52-week high of $82.67 and a 52-week low of $54.90 and are now trading 50% above that low price at $82.45 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.
Plains All American Pipeline (NYSE:PAA) is currently priced 8.6% above its average consensus analyst price target of $75.35. The stock should discover initial support at its 50-day moving average (MA) of $75.46 and subsequent support at its 200-day MA of $65.57.
