Memorial Production Partners (MEMP) Shares Cross Below 200 DMA

In trading on Wednesday, shares of Memorial Production Partners LP (MEMP) crossed below their 200 day moving average of $20.35, changing hands as low as $20.16 per share. Memorial Production Partners LP shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of MEMP shares, versus its 200 day moving average:

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Memorial Production Partners LP 200 Day Moving Average Chart

Looking at the chart above, MEMP's low point in its 52 week range is $17.61 per share, with $22.50 as the 52 week high point — that compares with a last trade of $20.34.

According to the ETF Finder at ETF Channel, MEMP makes up 2.65% of the Junior MLP ETF ( MLPJ) which is trading lower by about 0.4% on the day Wednesday.

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