ET Stock is Trading Above 50 and 200-Day SMA: Should You Add it Now?
Portfolio Pulse from
Energy Transfer (ET) is trading above its 50 and 200-day simple moving averages, indicating potential bullish momentum. The company's rising earnings estimates, diversified asset base across the U.S., and fee-based revenue model are expected to drive the stock higher.
January 28, 2025 | 4:15 pm
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POSITIVE IMPACT
Energy Transfer's stock is trading above key moving averages, suggesting bullish momentum. The company's strong earnings outlook and diversified asset base are positive indicators for future stock performance.
The stock trading above the 50 and 200-day SMAs is a technical indicator of potential upward momentum. Coupled with rising earnings estimates and a well-balanced asset spread, these factors suggest a positive short-term outlook for ET.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100