Downtrend Call Working As BP Prudhoe Bay Royalty Trust Stock Falls 41.9% (BPT)
SmarTrend identified a Downtrend for BP Prudhoe Bay Royalty Trust (NYSE:BPT) on July 23rd, 2012 at $114.69. In approximately 5 months, BP Prudhoe Bay Royalty Trust has returned 41.89% as of today's recent price of $66.65.
In the past 52 weeks, shares of BP Prudhoe Bay Royalty Trust have traded between a low of $65.56 and a high of $129.49 and are now at $66.65, which is 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.8%.
BP Prudhoe Bay Royalty Trust was established by the Standard Oil Company and entrusted to the Bank of New York. The Trust receives a per barrel percentage royalty of the average daily net production of oil and condensate per quarter from British Petroleum's working interests in the Prudhoe Bay Field on the North Slope of Alaska.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of BP Prudhoe Bay Royalty Trust.
Log in and add BP Prudhoe Bay Royalty Trust (BPT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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