Memorial Production Partners (MEMP) Shares Cross Below 200 DMA

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In trading on Friday, shares of Memorial Production Partners LP (Symbol: MEMP) crossed below their 200 day moving average of $22.11, changing hands as low as $21.66 per share. Memorial Production Partners LP shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of MEMP shares, versus its 200 day moving average: Memorial Production Partners LP 200 Day Moving Average Chart

Looking at the chart above, MEMP's low point in its 52 week range is $19.30 per share, with $24.75 as the 52 week high point - that compares with a last trade of $22.11.

According to the ETF Finder at ETF Channel, MEMP makes up 4.07% of the Junior MLP ETF (Symbol: MLPJ) which is trading lower by about 0.8% on the day Friday.

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: MEMP , MLPJ

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