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CNOOC Breaks Above 200-Day Moving Average - Bullish for CEO

In trading on Friday, shares of CNOOC Ltd. (Symbol: CEO) crossed above their 200 day moving average of $117.08, changing hands as high as $118.66 per share. CNOOC Ltd. shares are currently trading up about 4.1% on the day. The chart below shows the one year performance of CEO shares, versus its 200 day moving average:

CNOOC Ltd. 200 Day Moving Average Chart

Looking at the chart above, CEO's low point in its 52 week range is $82.28 per share, with $175.60 as the 52 week high point - that compares with a last trade of $118.80.

According to the ETF Finder at ETF Channel, CEO makes up 5.01% of the First Trust ISE Chindia Index Fund ETF (Symbol: FNI) which is trading up by about 1.4% on the day Friday.

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.


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

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