NuStar Energy L.P. (NS)

[leftovers]

NS has been upgraded to a buy!

Stock is a Buy.

The technical condition of NS is improving as several of the pertinent indicators have turned positive and the stock appears to be under accumulation. Over the last 50 trading days, when compared to the S&P 500, the stock has performed in line with the market. The MACD-LT, is confirming that the intermediate-term trend is bullish at this time. NS's chart formation suggests an upward trend is beginning/ stock is in the early stages of a rising trend. A close above $26.85 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is gaining in strength. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that NS is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average which confirms the improving technical condition.