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CPG Makes Notable Cross Below Critical Moving Average

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In trading on Wednesday, shares of Crescent Point Energy Corp (Symbol: CPG) crossed below their 200 day moving average of $7.99, changing hands as low as $7.90 per share. Crescent Point Energy Corp shares are currently trading off about 1% on the day. The chart below shows the one year performance of CPG shares, versus its 200 day moving average: Crescent Point Energy Corp 200 Day Moving Average Chart

Looking at the chart above, CPG’s low point in its 52 week range is $6.42 per share, with $12.66 as the 52 week high point – that compares with a last trade of $7.92. According to the ETF Finder at ETF Channel, CPG makes up 5.43% of the Guggenheim Canadian Energy Income ETF (Symbol: ENY) which is trading higher by about 0.4% on the day Wednesday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

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