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36.1% Return Seen to Date on SmarTrend BP Prudhoe Bay Royalty Trust Call (BPT)
Nov 30, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for BP Prudhoe Bay Royalty Trust (NYSE:BPT) on July 23rd, 2012 at $114.69. In approximately 4 months, BP Prudhoe Bay Royalty Trust has returned 36.13% as of today's recent price of $73.25.
Over the past year, BP Prudhoe Bay Royalty Trust has traded in a range of $70.63 to $129.49 and is now at $73.25, 4% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.
BP Prudhoe Bay Royalty Trust was established by the Standard Oil Company and entrusted to the Bank of New York. The Trust receives a per barrel percentage royalty of the average daily net production of oil and condensate per quarter from British Petroleum's working interests in the Prudhoe Bay Field on the North Slope of Alaska.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of BP Prudhoe Bay Royalty Trust.
Log in and add BP Prudhoe Bay Royalty Trust (BPT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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