Technical Scrutiny: Spectra Energy Corp., Energy Transfer Equity L.P., Kinder Morgan Inc., and Plains All American Pipeline L.P. Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 20, 2013 /PRNewswire/ --
On August 19, 2013, the US equity market ended on a lower note. All three benchmark indexes edged lower, with the S&P 500 falling 0.59% to end the day at 1,646.06. Shares in oil & gas pipelines companies ended on a lower note, tracking losses in the broader market. The major movers in the sector included Spectra Energy Corporation (NYSE: SE), Energy Transfer Equity LP (NYSE: ETE), Kinder Morgan Inc. (NYSE: KMI), and Plains All American Pipeline LP (NYSE: PAA). AAAResearchReports.com has tracked SE, ETE, KMI, and PAA. These reports can be seen for free at:
On Monday, Spectra Energy Corporation's stock fell 0.15% to $33.49 after fluctuating between $33.29 and $33.68. A total of 3.46 million shares were traded, which is below the daily average volume of 4.14 million. The company's stock has gained 5.71% in the last three months, compared to a fall of 1.28% in the S&P 500 during the same period. Additionally, Spectra Energy Corporation's shares are trading above the 200-day moving average. Download free research on SE by signing up now at:
Shares in Energy Transfer Equity LP fell sharply on Monday, tracking losses in the broader market. The company's shares oscillated between $63.87 and $66.70 before finishing the day 2.21% lower at $64.02. A total of 1.08 million shares were traded, which is below the daily average volume of 1.34 million. Energy Transfer Equity's shares have gained 3.32% in the last one month and 8.34% in the last three months, outperforming the S&P 500 which has fallen 2.72% and 1.28% during the same periods. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. Register for today's free analysis on ETE at:
Kinder Morgan Inc.'s stock also fell sharply on Monday to close at $36.63, down 2.16% from the previous closing price of $37.44. The shares traded between $36.62 and $37.41. A total of 4.22 million shares were traded, which is above the daily average volume of 3.92 million. The company's shares have fallen 1.85% in the previous three trading sessions, compared to loss of 2.33% in the S&P 500 during the same period. Further, the stock has fallen 9.51% in the last three months, and is also trading below its 50-day and 200-day moving averages. A free report on KMI can be accessed by registering at:
On Monday, Plains All American Pipeline LP vacillated between $51.37 and $52.41 before finishing the day 1.64% lower at $51.48. A total of 1.28 million shares were traded, which is above the daily average volume of 1.17 million. The company's shares have fallen 11.21% in the last three months, underperforming the S&P 500 which has declined 1.28% during the same period. Additionally, Plains All American Pipeline LP's shares are trading below their 50-day and 200-day moving averages. Register with AAA Research Reports and download research on PAA for free at:
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