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Gulfport Energy Falls 1.30% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Gulfport Energy (NASDAQ:GPOR) traded in a range yesterday that spanned from a low of $13.57 to a high of $14.12. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $13.74 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Gulfport Energy on December 15th, 2016 by issuing a Downtrend alert when the shares were trading at $23.70. Since that call, shares of Gulfport Energy have fallen 42.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Gulfport Energy share prices have been bracketed by a low of $12.47 and a high of $34.26 and are now at $13.66, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

Keywords: rebounders gulfport energy

Ticker(s): GPOR