Shell Midstream Partners Breaks Above 200-Day Moving Average – Bullish for SHLX

In trading on Wednesday, shares of Shell Midstream Partners LP (Symbol: SHLX) crossed above their 200 day moving average of $13.12, changing hands as high as $13.20 per share. Shell Midstream Partners LP shares are currently trading up about 2% on the day. The chart below shows the one year performance of SHLX shares, versus its 200 day moving average:

Looking at the chart above, SHLX’s low point in its 52 week range is $10.511 per share, with $16.50 as the 52 week high point — that compares with a last trade of $13.19.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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