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Look for Shares of Gulfport Energy to Potentially Rebound after Yesterday's 1.81% Sell Off

By Shiri Gupta

Gulfport Energy (NASDAQ:GPOR) traded in a range yesterday that spanned from a low of $16.19 to a high of $16.55. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $16.50 on volume of 793,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Gulfport Energy share prices have moved between a 52-week high of $52.28 and a 52-week low of $16.05 and are now trading 2% above that low price at $16.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.6%.

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 30.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders gulfport energy

Ticker(s): GPOR