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Recent 52-Week Low Surpassed in Shares of Gulfport Energy (GPOR)

By James Quinn

Gulfport Energy (NASDAQ:GPOR) traded at a new 52-week low today of $2.66. This new low was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 5.7 million shares.

Gulfport Energy has overhead space with shares priced $2.66, or 81.7% below the average consensus analyst price target of $14.52. Gulfport Energy shares should first meet resistance at the 50-day moving average (MA) of $3.95 and find additional resistance at the 200-day MA of $6.76.

Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States.

Gulfport Energy share prices have moved between a 52-week high of $12.08 and the current low of $2.66 and are currently at $2.66 per share. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has declined 3.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gulfport Energy on February 6th, 2019 by issuing a Downtrend alert when the shares were trading at $7.87. Since that call, shares of Gulfport Energy have fallen 64.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows gulfport energy

Ticker(s): GPOR