TGP Crosses Below Key Moving Average Level


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In trading on Thursday, shares of Teekay LNG Partners LP (Symbol: TGP) crossed below their 200 day moving average of $42.33, changing hands as low as $42.01 per share. Teekay LNG Partners LP shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of TGP shares, versus its 200 day moving average: Teekay LNG Partners LP 200 Day Moving Average Chart

Looking at the chart above, TGP's low point in its 52 week range is $38.17 per share, with $47.49 as the 52 week high point - that compares with a last trade of $42.10.

According to the ETF Finder at ETF Channel, TGP makes up 3.96% of the Guggenheim Shipping ETF (Symbol: SEA) which is trading lower by about 1.2% 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 Stocks: TGP , SEA

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