Analyzing Buckeye Partners’ Technical Indicators
Buckeye Partners (BPL) continues to trade below its short-term (50-day) and long-term (200-day) moving averages. The partnership was trading 5.4% below its 50-day simple moving average and 23.0% below its 200-day simple moving average as of June 13, which indicates bearish sentiment in Buckeye Partners stock. Magellan Midstream Partners (MMP) and Plains All American Pipeline (PAA) were trading 3.7% and 14.4% above their 200-day moving averages.