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Bearish Two Hundred Day Moving Average Cross - GLBL

By Market News Video Staff, Friday, May 6, 11:37 AM ET
Now Playing: Learn About The 200 DMA


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In trading on Friday, shares of Global Industries, Ltd. (GLBL) crossed below their 200 day moving average of $6.86, changing hands as low as $6.80 per share. Global Industries, Ltd. shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of GLBL shares, versus its 200 day moving average:

Global Industries, Ltd. 200 Day Moving Average Chart

Looking at the chart above, GLBL's low point in its 52 week range is $4.05 per share, with $10.23 as the 52 week high point — that compares with a last trade of $6.92.

According to the ETF Finder at ETF Channel, GLBL makes up 2.32% of the Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) which is trading higher by about 2.3% on the day Friday.

     See what other ETFs contain GLBL »
     See what other stocks are held by PXJ »

GLBL operates in the Oil & Gas Equipment & Services sector, among companies like Enterprise Products Partners L.P. (NYSE:EPD) which is up about 2.5% today, and Halliburton Company (NYSE:HAL) trading up by about 1.7%. Below is a three month price history chart comparing the stock performance of GLBL, versus EPD and HAL.

GLBL,EPD,HAL Relative Performance Chart


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