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|Insiders Buy the Holdings of MLPA ETF
Wednesday, February 4, 9:41 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the MLP ETF (MLPA) shows an impressive ...
Shares of CMLP Now Oversold
Monday, February 23, 12:05 PM ET, by Market News Video Staff
In trading on Monday, shares of Crestwood Midstream Partners LP (CMLP) entered into oversold territory, ...
First Week of CMLP October 16th Options Trading
Tuesday, February 24, 11:30 AM ET, by Market News Video Staff
Investors in Crestwood Midstream Partners LP (CMLP) saw new options begin trading this week, for ...
Top Buys by Directors: Morris's $198.7K Bet on DPM
Tuesday, March 3, 1:13 PM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
DCP Midstream Partners LP Named Top Dividend Stock With Insider Buying and 7.89% Yield
Wednesday, March 4, 1:56 PM ET, by Market News Video Staff
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then ...
Shares of CMLP Now Overbought
By Energy Stock Channel Staff, Tuesday, October 25, 11:34 AM ET
In trading on Tuesday, shares of Crestwood Midstream Partners LP (NYSE:CMLP) entered into overbought territory, changing hands as high as $28.70 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70.
In the case of Crestwood Midstream Partners LP, the RSI reading has hit 70.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 56.7, the RSI of WTI Crude Oil is at 65.4, and the RSI of Henry Hub Natural Gas is presently 48.3.
A bearish investor could look at CMLP's 70.3 reading as a sign that the recent heavy buying is in the process of exhausting itself, and shares are due for a pullback.
Looking at a chart of one year performance (below), CMLP's low point in its 52 week range is $21.72 per share, with $33.00 as the 52 week high point — that compares with a last trade of $28.51. Crestwood Midstream Partners LP shares are currently trading up about 0.4% on the day.
CMLP operates in the Oil & Gas Equipment & Services sector, among companies like Atlas Pipeline Partners LP (APL) which is off about 0.3% today, and DCP Midstream Partners LP (NYSE:DPM) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of CMLP, versus APL and DPM.
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