Antero Midstream Partners LP (AM) Shares Active after Upgrade at Wells Fargo & Co.

Antero Midstream Partners LP (NYSE: AM) shares rose in value yesterday on heavier trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Analysts at Wells Fargo & Co. upgraded shares of Antero Midstream Partners LP (NYSE: AM) from Market Perform to Outperform today. Wells Fargo & Co. currently has a rating of Outperform on the stock. A number of other analysts have spoken on the company recently, and the company has earned a consensus one-year price target of $33.58, higher than the opening price of $27.79, a difference of 12.58 percent. Antero Midstream Partners LP stock has a 52-week high of $28.72. Usually, after analysts assign an upgrade report on a stock, they will subsequently issue periodic updates, such as a price target change.

Meanwhile, the Dow Jones Industrial Average DJIA, +0.62% finished up 112.58 points, or 0.6%, at 18,281.03 yesterday.

The Nasdaq Composite Index COMP, +0.50% rose 26.36 points, or 0.5%, to end at 5,316.02, and is up 0.1% for the week to date.

The S&P 500 index SPX, +0.43% added 9.24 points, or 0.4%, to close at 2,159.73.

Shares of Antero Midstream Partners LP (NYSE: AM) opened at $27.79 yesterday and traded in a range between, $26.49 and $27.80, and last traded at $26.70, a jump of $0.08 or 0.00 compared to the previous closing price.

Antero Midstream Partners LP (NYSE: AM) now has a market cap of 4.70B.

Antero Midstream Partners LPTrading Volume

The stock’s average daily volume is 360,118 shares out of a total float 67,017,000 and some 1,195,352 shares crossed the trading desk yesterday, higher than the average. Significant gains in trading volume and price growth together could mean excessive volume accumulation by institutional investors.

However, one day of heavy buy side trading is not enough to affirm a trend. So market traders will continue to look for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these retain substantial 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.

Antero Midstream Partners LP 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 tracking the activity of these professional investors—and the moving averages they affect— traders are able to make make smarter trades.

Trades for Antero Midstream Partners LP (NYSE: AM) have ranged from $17.00 – 28.72, and the stock now has a 50-day MA of $26.70 and 200-day MA of $25.27. Today’s last price is 0.07% below the 52 week high of $28.72.

Earnings growth is a critical factor to consider when buying stocks and investors seek companies that have raised their earnings by at least 25% for a 3 year period.

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