Today, shares of Kinder Morgan Energy Partners (NYSE:KMP) have crossed bullishly above their 10-day moving average of $80.45 on a volume of 368K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Kinder Morgan Energy Partners has traded in a range of $74.15 to $90.60 and is now at $80.80, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
Kinder Morgan Energy Partners, L.P., is a pipeline transportation and energy storage company. The Companyoperate pipelines and terminals. The pipe lines transport natural gas, gasoline, crude oil, carbon dioxide and other products and its terminal store petroleum products and chemicals and handle bulk materials like coal and petroleum coke as well as provides carbon dioxide (CO2).
Kinder Morgan Energy Partners (NYSE:KMP) has potential upside of 10.4% based on a current price of $80.80 and analysts' consensus price target of $89.23. The stock should find initial resistance at its 200-day moving average (MA) of $82.37 and further resistance at its 50-day MA of $83.01.