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Goodrich Petroleum Corp. Breaks Below 200-Day Moving Average - Bearish for GDP

By Market News Video Staff, Thursday, June 23, 11:41 AM ET
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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:

Goodrich Petroleum Corp.  200 Day Moving Average Chart

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.

According to the ETF Finder at ETF Channel, GDP makes up 1.30% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) which is trading lower by about 3.2% on the day Thursday.

See what other ETFs contain GDP
See what other stocks are held by XOP

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.

GDP,OAS,BRY Relative Performance Chart


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