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What Makes Dominion Midstream Partners Attractive?

PART:
1 2 3 4 5 6 7
Part 4
What Makes Dominion Midstream Partners Attractive? PART 4 OF 7

Is Dominion Midstream Stock Headed for a Recovery?

Year-to-date fall

So far, Dominion Midstream Partners (DM) fell 17% in 2016. In comparison, the Alerian MLP ETF (AMLP) rose nearly 2% year-to-date. A recovery in natural gas prices in 2016, uncertainty in global LNG (liquefied natural gas) demand, and increased competition from global LNG players likely contributed to Dominion Midstream Partners and Cheniere Energy’s (LNG) underperformance in 2016.

Is Dominion Midstream Stock Headed for a Recovery?

Moving averages

Currently, Dominion Midstream trades 3% above its 50-day moving average and 9% below its 200-day moving average. Dominion Midstream fell below its 50-day and 200-day moving average in May 2016. Since then, it has been trading below these averages. The stock crossed above its 50-day average in the first week of November 2016 after its 3Q16 results and the announcement of the Questar dropdown.

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