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Shares of Gulfport Energy Has Fallen Below Previous 52-Week Low

By James Quinn

Gulfport Energy (NASDAQ:GPOR) traded at a new 52-week low today of $2.91. So far today approximately 562,000 shares have been exchanged, as compared to an average 30-day volume of 5.4 million shares.

There is potential upside of 398.9% for shares of Gulfport Energy based on a current price of $2.91 and an average consensus analyst price target of $14.52. Gulfport Energy shares should first meet resistance at the 50-day moving average (MA) of $4.20 and find additional resistance at the 200-day MA of $6.94.

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 $2.91 and are currently at $2.91 per share. The 200-day and 50-day moving averages have moved 1.37% lower and 3.43% lower over the past week, respectively.

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 62.1%. 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