Stock Investors Bid Up Shares of Genesis Energy, Up 1.1%

Published on Thu, 02/14/2013 - 11:29
By Robert Cotter in Market movers, GEL, amex:gel, genesis energy, market movers

Genesis Energy (AMEX:GEL) is a company whose shares are active, trading 1.1% higher to $44.46. The S&P is currently trading fractionally higher to 1,521 and the Dow Jones Industrial Average is trading fractionally higher to 13,989.

Over the past year, Genesis Energy has traded in a range of $26.70 to $44.46 and is now at $44.46, 67% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.6%.

Based on a current price of $44.46, Genesis Energy is currently 13.8% above its average consensus analyst price target of $38.31. The stock should discover initial support at its 50-day moving average (MA) of $37.61 and subsequent support at its 200-day MA of $32.94.

Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Pinnacle Financial Partners Un...

Down 1.2% to $37.52, Pinnacle Financial Partners (NASDAQ:PNFP), is one of today's notab ...

Stock Investors Bid Up Shares of Baidu, ...

Up 1.2% to $185.45, Baidu (NASDAQ:BIDU), is one of today's notable movers. The Dow Jon ...

Towers Watson & Co Makes a Move: Down 1....

Down 1.2% to $102.37, Towers Watson & Co (NYSE:TW), is one of today's notable movers. ...

Shares of Google Receive a Boost, Up 1.2...

Google (NASDAQ:GOOG) is one of today's notable stocks on the rise, up 1.2% to $577.78. ...

Shares of Watsco Under Pressure, Down 1....

One of today's stocks on the move is Watsco (NYSE:WSO), down 1.2% to $97.65. The S&P i ...

Shares of Ariad Pharmaceuticals Receive ...

Up 1.2% to $6.02, Ariad Pharmaceuticals (NASDAQ:ARIA), is one of today's notable movers ...

Shares of Centene Under Pressure, Down 1...

Down 1.2% to $76.20, Centene (NYSE:CNC), is one of today's notable movers. The S&P is ...

Callaway Golf Shares Climbing Higher, Up...

Callaway Golf (NYSE:ELY) is one of today's notable stocks on the rise, up 1.2% to $8.52 ...