TOO Makes Notable Cross Below Critical Moving Average

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In trading on Thursday, shares of Teekay Offshore Partners L.P. (Symbol: TOO) crossed below their 200 day moving average of $33.62, changing hands as low as $33.56 per share. Teekay Offshore Partners L.P. shares are currently trading down about 2% on the day. The chart below shows the one year performance of TOO shares, versus its 200 day moving average: Teekay Offshore Partners L.P. 200 Day Moving Average Chart

Looking at the chart above, TOO's low point in its 52 week range is $29.24 per share, with $37.46 as the 52 week high point - that compares with a last trade of $33.64.

According to the ETF Finder at ETF Channel, TOO makes up 3.95% of the Guggenheim Shipping ETF (Symbol: SEA) which is trading lower by about 0.8% 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: TOO , SEA

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