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WES – On “Day” Watch For March 11’13

11 Mar

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  1. WES (Real Time)
  2. $TRIN (<1 = bullish)
  3. Advances/Declines (Trade with the trend)
  4. % of Nasdaq Stocks > 150 dma 
  5. % of NYSE Stocks > 150 dma

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WES Trades on NYSE (Live Chart) Closing Value on March 8 2013 = $57.91

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Live Chart (15 min. time delay)

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Market Breadth

Comment: Almost 66% of NYSE stocks are currently trading above the 150 day moving average. This was at 55% fifty days ago. See below.

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Business Summary
Western Gas Partners, LP owns, operates, acquires, and develops midstream energy assets in east, west, and south Texas; the Rocky Mountains; and the Mid-Continent. The company engages in gathering, compressing, processing, treating, and transporting natural gas, condensate, natural gas liquids (NGL), and crude oil. As of March 31, 2012, its assets consisted of 13 gathering systems, 7 natural gas treating facilities, 10 natural gas processing facilities, 2 NGL pipelines, 1 interstate gas pipeline, and 1 intrastate gas pipeline. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP. Western Gas Partners, LP was founded in 2007 and is headquartered in The Woodlands, Texas.

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Posted by on March 11, 2013 in Analysis

 

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