We detected unusual dark pool activity in PAA stock on August 13, 2019.
The dark pool trades occurred near a significant support level on the chart which seems to suggest a slightly bullish intent.
We are still operating under a Supertrend sell signal so I wouldn’t take an entry yet. Instead, I’m interested in seeing if we get a candle over candle reversal off $21.43 support with more dark pool prints over the next few days.
Large cap midstream companies like MPLX , ET , and PAA have been declining in price so that they now trade with reasonably attractive mid-teen DCF yields. With Plains All American Pipeline’s attractive 6.5% dividend yield. I like dividend streams as interest rates are now likely to fall further.
Disclosure: I do not hold any position in PAA stock.