DNR Makes Bullish Cross Above Critical Moving Average

By EnergyStockChannel.com,

Shutterstock photo

In trading on Monday, shares of Denbury Resources, Inc. (Symbol: DNR) crossed above their 200 day moving average of $17.11, changing hands as high as $17.18 per share. Denbury Resources, Inc. shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of DNR shares, versus its 200 day moving average: Denbury Resources, Inc. 200 Day Moving Average Chart

Looking at the chart above, DNR's low point in its 52 week range is $15.56 per share, with $19.65 as the 52 week high point - that compares with a last trade of $17.14.

According to the ETF Finder at ETF Channel, DNR makes up 2.53% of the PowerShares Dynamic Energy Exploration & Production Portfolio ETF (Symbol: PXE) which is trading higher by about 1.1% on the day Monday.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: DNR , PXE

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