SandRidge Permian Trust Has Returned 13.4% Since SmarTrend Recommendation (PER)
SmarTrend identified a Downtrend for SandRidge Permian Trust (NYSE:PER) on August 22nd, 2012 at $19.42. In approximately 4 months, SandRidge Permian Trust has returned 13.37% as of today's recent price of $16.82.
SandRidge Permian Trust share prices have moved between a 52-week high of $25.10 and a 52-week low of $16.16 and are now trading 4% above that low price at $16.82 per share. The 200-day and 50-day moving averages have moved 0.56% lower and 1% lower over the past week, respectively.
SandRidge Permian Trust is a Delaware statutory trust formed to own royalty interests to be conveyed to the trust by SandRidge. The trust's subsidiary is a diversified oil and natural gas company with a principal focus on exploration and production as well as also owns and operates gas gathering and processing facilities and CO2 treating and transportation facilities and oil recovery.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of SandRidge Permian Trust.
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