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Wednesday, August 7, 2013

$paa still looks okay

Revenue growth looks good.

Operating income growth was not so hot.

But considering PAA is an MLP, to which I put more emphasis on potential distribution increases, the income from operations was fine.

The AM weak action was a bit surprising considering the above, but the stock eventually turned.

Structurally, the stock is back to the weekly 28sma.

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