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Gulfport Energy: The Winning Streak Continues (GPOR)

Published on Tue, 09/03/2013 - 14:52
By Adrienne Chilton

Gulfport Energy (NASDAQ:GPOR) traded today at a new 52-week high of $61.46. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States.

Over the past year, Gulfport Energy has traded in a range of $15.79 to $61.46 and is now at $59.98, 280% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 1.5%.

Gulfport Energy has overhead space with shares priced $59.98, or 7.5% below the average consensus analyst price target of $64.81. The stock should discover initial support at its 50-day moving average (MA) of $52.19 and subsequent support at its 200-day MA of $45.41.

By Adrienne Chilton
achilton@fnno.com