Plains All American Pipeline
Exreme: Overbought; RSI at 79.29
Nearest Resistance: N/ANearest Support: $66.70 They don't get much more overbought than Plains All American Pipeline (PAA), a stock whose RSI level rings in at 79.29 right now. Plains has been rallying hard in the last month, climbing more than 11% as investors pile into this energy sector holding. That upward momentum is more than just good for near-term prices; shares of Plains pushed their way to all-time highs this month, a move that has major psychological consequences. Hitting all-time highs is technically relevant because it has everything to do with how shareholders approach this stock. Not only is every PAA shareholder who's ever bought sitting on gains right now, they're also getting a 5.6% dividend yield right now. Both of those factors reduce incentives to sell, tipping the scales toward a demand imbalance for PAA. For now, it's still a good time to be a momentum buyer. Plains All American shows up on a recent list of 5 Large-Caps Flirting With 52-Week Highs.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV