Laredo Petroleum (LPI) Shares Cross Below 200 DMA

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In trading on Thursday, shares of Laredo Petroleum, Inc (Symbol: LPI) crossed below their 200 day moving average of $13.09, changing hands as low as $12.83 per share. Laredo Petroleum, Inc shares are currently trading off about 2.7% on the day. The chart below shows the one year performance of LPI shares, versus its 200 day moving average: Laredo Petroleum, Inc 200 Day Moving Average Chart

Looking at the chart above, LPI's low point in its 52 week range is $9.20 per share, with $16.47 as the 52 week high point - that compares with a last trade of $12.94.

According to the ETF Finder at ETF Channel, LPI makes up 2.34% of the PowerShares DWA Energy Momentum Portfolio ETF (Symbol: PXI) which is trading up by about 0.2% on the day Thursday.

Click here to find out which 9 other energy stocks recently crossed below 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 Symbols: LPI , PXI

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