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|Shares of DPM Now Oversold
Wednesday, January 20, 11:34 AM ET, by Market News Video Staff
In trading on Wednesday, shares of DCP Midstream Partners LP (DPM) entered into oversold territory, ...
Ex-Dividend Reminder: NuStar Energy, Energy Transfer Partners and DCP Midstream Partners
Tuesday, February 2, 10:45 AM ET, by Market News Video Staff
On 2/4/16, NuStar Energy L.P. (NS), Energy Transfer Partners LP (ETP), and DCP Midstream Partners ...
This Stock Has A 16.68% Yield And Sells For Less Than Book
Friday, February 5, 7:43 AM ET, by Market News Video Staff
DCP Midstream Partners LP (DPM) has been named as a Top 10 dividend paying energy ...
First Week of October 21st Options Trading For DCP Midstream Partners (DPM)
Tuesday, February 23, 11:56 AM ET, by Market News Video Staff
Investors in DCP Midstream Partners LP (DPM) saw new options begin trading this week, for ...
How The Parts Add Up: MLPA Targets $12
Wednesday, March 9, 8:03 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
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 (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 (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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