ET Stock is Trading Above 50 and 200-Day SMA: Should You Add it Now?

Energy Transfer LP (ET) is trading above its 50-day and 200-day simple moving average (SMA), signaling a bullish trend. The oil and gas midstream firm owns a wide network of pipelines across the United States and is pursuing opportunities to serve growing power loads from new demand centers across its network.The firm is also a top exporter of liquefied petroleum gas and is working to expand natural gas liquids (NGL) export facilities to meet the rising demand for NGL globally.ET's SMA Chart 50 and 200-dayI ...