Plains All American Pipeline, L.P. : Decisive level
April 24, 2012 at 11:40 am EDT
By
Entry price | Target | Stop-loss | Potential |
---|
$80.82 |
$85 |
$78.8 |
+5.17% |
---|
Plains All American Pipeline is an American company operating partnerships for transportation, storing and marketing of crude oil, refined products and gas. They are located in United States and Canada on diversified strategic oil field. Their production is over 3 million barrels per day.
From fundamental viewpoint, the company is trading at low price, the "enterprise value / revenue" ratio is very weak at 0.59x the estimates for 2012. Consensus is optimist with 6 analysts at “Buy” and 9 at “Accumulate”. The target price is fixed at USD 84.9.
Technically the stock is on a decisive level with the short-term resistance contact of USD 81.1. The 100 and 50-days moving averages are well-oriented and may support the trend to give it a new impetus to cross this level.
Thus, investors could come on Plains All American Pipeline's stock as soon as the USD 81 resistance will be crossed with an objective on the consensus at USD 85. A stop loss will be engaged to avoid important disappointment below USD 79.
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