EPD closes higher for the 2nd day in a row

Enterprise Products Partners L.P. (EPD) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


EPD pushes through key resistance level
EPD closes higher for the 2nd day in a row
EPD pushes through previous session high
EPD rises to highest close since June 14th


Moving higher for the 2nd day in a row, EPD finished the week 2.71% higher at 28.40 after gaining $0.16 (0.57%) today. Today's closing price of 28.40 marks the highest close since June 14th. Closing above Thursday's high at 28.28, the share confirms its breakout through the previous session's high having traded $0.29 above it intraday.

Daily Candlestick Chart (EPD as at Jul 13, 2018):

Daily technical analysis candlestick chart for Enterprise Products Partners L.P. (EPD) as at Jul 13, 2018

Friday's trading range was $0.44 (1.56%), that's slightly below last trading month's daily average range of $0.49. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Breaking through the key resistance level at 28.32 today, it is now likely to act as support going forward.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Market Conditions for EPD as at Jul 13, 2018

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