CIE Crosses Critical Technical Indicator Wednesday, December 16, 3:50 PM ET, by Market News Video Staff In trading on Wednesday, shares of Cobalt International Energy Inc. (CIE) entered into oversold territory, ...
In trading on Friday, shares of Goodrich Petroleum Corp. (GDP) crossed above their 200 day moving average of $18.27, changing hands as high as $19.24 per share. Goodrich Petroleum Corp. shares are currently trading up about 6.4% 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 $18.44.
GDP operates in the Oil & Gas Exploration & Production sector, among companies like Denbury Resources, Inc. (NYSE:DNR) which is up about 3% today, and EQT Corp. (NYSE:EQT) trading up by about 4.4%. Below is a three month price history chart comparing the stock performance of GDP, versus DNR and EQT.
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