Plains All American’s Technical Indicators: Price Rise?

Plains All American Pipeline (PAA) was trading 1.5% below its 50-day simple moving average and 4.5% below its 200-day simple moving average as of March 2, 2018, which might indicate bearish sentiment in the stock. In comparison, Buckeye Partners (BPL) and Enbridge Energy Partners (EEP) were trading 20.3% and 17.4% below their long-term moving average. Gains in crude oil prices, an increase in drilling activity, and the successful completion of the open season for its Cactus II pipeline project could push Plains All American Pipeline above its long-term moving average, which could result in bullish sentiment.