TMCnet News
Atlas Pipeline Partners Earnings In Retrospect: Up 6.5% in the Last 20 Days (APL)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- When Atlas Pipeline Partners (NYSE:APL) reported earnings 20 days ago on April 30th, 2013, analysts, on average, expected the company to report earnings of $0.36 on sales of $437.5 million. The company actually reported EPS of $0.01 on sales of $407.9 million, missing EPS estimates by $0.35 and missing revenue estimates by $29.6 million. Since the company's report, shares of Atlas Pipeline Partners have risen from $36.34 to $38.72, representing a gain of 6.5% in the past 20 days. In the past 52 weeks, Atlas Pipeline Partners share prices have been bracketed by a low of $27.32 and a high of $39.50 and are now at $38.72, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.7%. SmarTrend recommended that subscribers consider buying shares of Atlas Pipeline Partners on March 26th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.44. Since that recommendation, shares of Atlas Pipeline Partners have risen 12.4%. We continue to monitor APL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
