OAS Crosses Critical Technical Indicator Thursday, May 25, 3:52 PM ET, by Market News Video Staff In trading on Thursday, shares of Oasis Petroleum Inc. (OAS) entered into oversold territory, changing ...
In trading on Thursday, shares of Goodrich Petroleum Corp. (AMEX:GDP) crossed below their 200 day moving average of $17.93, changing hands as low as $17.80 per share. Goodrich Petroleum Corp. shares are currently trading off about 4.2% on the day. The chart below shows the one year performance of GDP shares, versus its 200 day moving average:
Looking at the chart above, GDP's low point in its 52 week range is $10.54 per share, with $23.80 as the 52 week high point — that compares with a last trade of $17.81.
GDP operates in the Oil & Gas Exploration & Production sector, among companies like Oasis Petroleum Inc. (NYSE:OAS) which is off about 2.7% today, and Berry Petroleum Co (BRY) trading lower by about 3.8%. Below is a three month price history chart comparing the stock performance of GDP, versus OAS and BRY.
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