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Gulfport Energy Set to Possibly Pullback After Yesterday's Rally of 3.43%

By Amy Schwartz

Gulfport Energy (NASDAQ:GPOR) traded in a range yesterday that spanned from a low of $9.09 to a high of $9.64. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $9.23 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Gulfport Energy share prices have been bracketed by a low of $8.07 and a high of $13.74 and are now at $9.49, 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Gulfport Energy and will alert subscribers who have GPOR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders gulfport energy

Ticker(s): GPOR