Goodrich Petroleum Breaks Above 200-Day Moving Average - Bullish for GDP

In trading on Friday, shares of Goodrich Petroleum Corp. ( GDP) crossed above their 200 day moving average of $18.38, changing hands as high as $18.55 per share. Goodrich Petroleum Corp. shares are currently trading up about 4.8% on the day. The chart below shows the one year performance of GDP shares, versus its 200 day moving average:

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Goodrich Petroleum Corp.  200 Day Moving Average Chart

Looking at the chart above, GDP's low point in its 52 week range is $11.16 per share, with $28.55 as the 52 week high point — that compares with a last trade of $18.43.

According to the ETF Finder at ETF Channel, GDP makes up 3.89% of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG) which is trading up by about 0.5% on the day Friday.

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