Hi-Crush Partners LP (HCLP) Shares Active after Upgrade at Cowen and Company

Hi-Crush Partners LP (NYSE: HCLP) shares rose in value Monday Dec 5 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, the Dow Industrials on Monday opened at an all-time high as investors dismissed concerns about the outcome of Italy’s referendum on Sunday.

The Dow Jones Industrial Average rose DJIA, +0.41% 85 points, or 0.5%, at 19,260, the S&P 500 index SPX, +0.42% began trade 9 points, or 0.4%, higher at 2,201, while the Nasdaq Composite Index COMP, +0.43% advanced 27 points, or 0.5%, at 5,282.

Analysts at Cowen and Company upgraded shares of Hi-Crush Partners LP (NYSE: HCLP) from Market Perform to Outperform today. Cowen and Company currently has a rating of Outperform on the shares. The one-year price target of $17.78 is a decrease compared to the opening price of $18.95, causing a number of other analysts to issue statements on the stock in recent days. Looking back over the last 52 weeks, Hi-Crush Partners LP stock has a high of $19.65. Usually, after analysts publish an upgrade report on a stock, they will later issue periodic revisions, usually followed by a price target change.

Hi-Crush Partners LP (NYSE: HCLP) shares last traded at $19.25, which represents an increase of $0.85 or 4.62% over the previous closing price. Opening at $18.95, they fluctuated from $18.95 and $19.60 throughout the day.

Hi-Crush Partners LP (NYSE: HCLP) currently has a market cap of 1.23B.

Hi-Crush Partners LP (NYSE: HCLP) Average Daily Trading Volume

144,955 shares crossed the trading desk yesterday, below normal, out of a total float 42,604,000. Investors often use increases in trading volume to identify large volume aggregation or distribution by institutional investors, so look for trading volume to pick up in the coming days.

As with all potential breakouts, investors look for volume to be at least 40%-50% greater than normal on the breakout to indicate that fund managers and other professional investors are jumping in.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.

Hi-Crush Partners LP (NYSE: HCLP) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, Hi-Crush Partners LP (NYSE: HCLP) now has a 50-day MA of $16.70 and 200-day MA of $13.77. It has traded in a 52-week range between $3.55 – 19.65 and today’s last price is 2.04%% lower than the 52 week high of $19.65.

Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more over 3 consecutive years.

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