MARPS Crosses Critical Technical Indicator Tuesday, October 16, 4:00 PM ET, by Market News Video Staff In trading on Tuesday, shares of Marine Petroleum Trust (MARPS) entered into oversold territory, changing ...
In trading on Tuesday, shares of Marine Petroleum Trust (NASDAQ:MARPS) crossed above their 200 day moving average of $21.28, changing hands as high as $21.34 per share. Marine Petroleum Trust shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of MARPS shares, versus its 200 day moving average:
Looking at the chart above, MARPS's low point in its 52 week range is $17.25 per share, with $30.14 as the 52 week high point — that compares with a last trade of $21.23.
MARPS operates in the Oil & Gas Exploration & Production sector, among companies like Rowan Cos., Inc. (NYSE:RDC) which is up about 2.6% today, and Whiting Petroleum Corp (NYSE:WLL) trading up by about 7.6%. Below is a three month price history chart comparing the stock performance of MARPS, versus RDC and WLL.
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