Basic Energy Services Breaks Above 200-Day Moving Average - Bullish For BAS

In trading on Friday, shares of Basic Energy Services Inc (BAS) crossed above their 200 day moving average of $13.11, changing hands as high as $13.65 per share. Basic Energy Services Inc shares are currently trading up about 4.1% on the day. The chart below shows the one year performance of BAS shares, versus its 200 day moving average:

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Basic Energy Services Inc 200 Day Moving Average Chart

Looking at the chart above, BAS's low point in its 52 week range is $8.85 per share, with $16.60 as the 52 week high point — that compares with a last trade of $13.53.

According to the ETF Finder at ETF Channel, BAS makes up 1.46% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading up by about 0.6% on the day Friday.

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