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Gulfport Energy Crosses Above its 10-day MA (GPOR)

By Nick Russo

Gulfport Energy (NASDAQ:GPOR) shares have crossed bullishly above their 10-day moving average of $9.25 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Gulfport Energy has traded in a range of $8.11 to $34.26 and is now at $9.48, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gulfport Energy on March 20th, 2018 by issuing a Downtrend alert when the shares were trading at $9.52. Since that call, shares of Gulfport Energy have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses gulfport energy

Ticker(s): GPOR