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SmarTrend Watching for Potential Rebound in Shares of Gulfport Energy After 5.94% Loss

By Shiri Gupta

Gulfport Energy (NASDAQ:GPOR) traded in a range yesterday that spanned from a low of $2.84 to a high of $3.14. Yesterday, the shares fell 5.9%, which took the trading range below the 3-day low of $2.98 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Gulfport Energy have traded between the current low of $2.84 and a high of $12.08 and are now at $2.87. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2.8%.

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 61.5%. 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