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|KMP Crosses Critical Technical Indicator
Monday, February 24, 2:03 PM ET, by Market News Video Staff
In trading on Monday, shares of Kinder Morgan Energy Partners, L.P. (KMP) entered into oversold ...
Notable Two Hundred Day Moving Average Cross - MWE
Tuesday, February 25, 1:49 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Markwest Energy Partners L.P. (MWE) crossed below their 200 ...
RGP Crosses Below Key Moving Average Level
Friday, February 28, 4:22 PM ET, by Market News Video Staff
In trading on Friday, shares of Regency Energy Partners LP (RGP) crossed below their 200 ...
Investors Pick Up DPM Even Lower Than Its Secondary Stock Offering
Monday, March 3, 10:31 AM ET, by Market News Video Staff
Looking back to 4 days ago, DCP Midstream Partners LP (DPM) priced a 12,500,000 share ...
Use Options For a Chance To Buy EPD at a 23% Discount
Tuesday, March 4, 11:46 AM ET, by Market News Video Staff
Looking back to 119 days ago, Enterprise Products Partners L.P. (EPD) priced a 8,000,000 share ...
APL Stock Crowded With Sellers
By Energy Stock Channel Staff, Monday, November 12, 4:09 PM ET
In trading on Monday, shares of Atlas Pipeline Partners LP (NYSE:APL) entered into oversold territory, changing hands as low as $31.60 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Atlas Pipeline Partners LP, the RSI reading has hit 29.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 37.3, the RSI of WTI Crude Oil is at 42.3, and the RSI of Henry Hub Natural Gas is presently 59.2.
A bullish investor could look at APL's 29.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), APL's low point in its 52 week range is $27.32 per share, with $40.89 as the 52 week high point — that compares with a last trade of $31.82. Atlas Pipeline Partners LP shares are currently trading down about 2.1% on the day.
According to the ETF Finder at ETF Channel, APL makes up 1.68% of the MLP ETF (AMEX:MLPA) which is trading relatively unchanged on the day Monday.
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