Western Gas Partners’ moving averages
Western Gas Partners (WES) rose above its 50-day moving average as a result of its recent rally, which might indicate a bullish sentiment in the stock. It was trading 3.2% above its 50-day SMA (simple moving average) and 1.7% below its 200-day SMA as of July 14.
Short interest in Western Gas Partners
Short interest in Western Gas Partners was 1.4 million shares as of July 14, 2017. At the same time, its short interest as a percentage of float ratio was 1.7%. The current short interest in Western Gas Partners is lower than last month’s average of 1.9%. Moreover, short interest in Western Gas Partners is still lower compared to the three-year average of 2.3%, which might indicate a bullish sentiment in Western Gas Partners.
Western Gas Partners’ relative strength index
Western Gas Partners’ RSI (relative strength index) was 68.7 as of July 14. Western Gas Partners is close to being “overbought.” RSI is a momentum indicator with values ranging from zero to 100. An RSI value above 70 for a stock indicates that it has entered “overbought” territory, while an RSI value below 30 indicates a stock is “oversold.”
In the next article, we’ll look at the recent analysts’ recommendations for Western Gas Partners and its GP, Western Gas Equity Partners (WGP).