Technical Roundup on Energy Sector Equities -- Research on Energy Transfer Equity, Eagle Rock Energy Partners, Williams Partners, and GasLog
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LONDON, May 30, 2014 /PRNewswire/ --
The trading session on Thursday, May 29, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,698.74, up 0.39% and the NASDAQ Composite closed at 4,247.95, up 0.54%. The S&P 500 finished the day 0.54% higher at 1,920.03. The gains were broad based as nine out of ten sectors finished on a positive note. The S&P 500 Energy Sector Index gained 0.72% to close the day at 694.26, and the index has advanced 1.15% in the previous one month. Investor-Edge has initiated coverage on the following equities: Energy Transfer Equity L.P. (NYSE: ETE), Eagle Rock Energy Partners L.P. (NASDAQ: EROC), Williams Partners L.P. (NYSE: WPZ) and GasLog Ltd (NYSE: GLOG). Free technical research on ETE, EROC, WPZ and GLOG can be downloaded upon signing up at:
http://www.investor-edge.com/3222-register
Shares in Energy Transfer Equity L.P. fell by 0.82% on Thursday, closing the day at $50.68. The stock recorded a trading volume of 0.46 million shares, which was below its three months average volume of 1.67 million shares. The stock oscillated between $50.48 and $51.31 during the session. Over the last one month and from the beginning of 2014, Energy Transfer Equity L.P.'s shares have gained 7.92% and 24.00%, respectively. However, the stock has declined 1.46% in the previous three trading sessions. The company's shares are trading above their 50-day and 200-day moving averages. Energy Transfer Equity L.P.'s 50-day moving average of $48.10 is above its 200-day moving average of $39.99. Furthermore, the company's stock traded at a PE ratio of 34.01 and has a Relative Strength Index (RSI) of 65.68. Sign up today to read free research on ETE at:
http://www.investor-edge.com/3222-ETE-30May2014.pdf
On Thursday, shares in Eagle Rock Energy Partners L.P. fluctuated between $4.24 and $4.45 before ending the session 4.72% higher at $4.44. The company's stock reported a trading volume of 1.01 million shares, near its three months average volume of 1.06 million shares. Shares in Eagle Rock Energy Partners L.P. have advanced 8.29% in the previous three trading sessions and 0.68% over the last one month, while they have fallen by 25.38% on YTD basis. Eagle Rock Energy Partners L.P.'s stock is trading below its 50-day and 200-day moving averages of $4.68 and $5.68, respectively. Moreover, the company's shares have an RSI of 45.17. Sign up today to read free research on EROC at:
http://www.investor-edge.com/3222-EROC-30May2014.pdf
On Thursday, shares in Williams Partners L.P. recorded a trading volume of 0.31 million shares, which was below its three months average volume of 0.60 million shares. The stock ended the day at $52.53, which was 0.89% lower its previous day's closing of $53.00, and registered an intraday range of $52.46 and $53.16. The company's stock traded at a PE ratio of 30.56. Shares in Williams Partners L.P. have gained 0.04% in the previous three trading sessions and 3.28% on YTD basis. However, the stock has edged lower by 0.51% in the last one month. The company's stock is trading above its 50-day and 200-day moving averages of $51.62 and $50.71, respectively. Additionally, shares of the company have an RSI of 58.79. Sign up today to read free research on WPZ at:
http://www.investor-edge.com/3222-WPZ-30May2014.pdf
GasLog Ltd's stock finished Thursday's trading session 2.55% higher at $23.73. A total of 1.01 million shares were traded, which was below its three months average volume of 1.30 million shares. The stock moved between $22.98 and $23.88 during the session. GasLog Ltd's stock has lost 0.75% in the previous three trading sessions and 12.47% in the last one month, although, it has surged 38.85% since the start of this year. The company's shares are trading below their 50-day moving average. The stock's 50-day moving average of $25.41 is above its 200-day moving average of $18.98. Furthermore, GasLog Ltd's stock traded at a PE ratio of 31.99 and has an RSI of 36.43. Sign up today to read free research on GLOG at:
http://www.investor-edge.com/3222-GLOG-30May2014.pdf
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