FET Makes Bullish Cross Above Critical Moving Average

In trading on Tuesday, shares of Forum Energy Technologies Inc (FET) crossed above their 200 day moving average of $28.02, changing hands as high as $28.23 per share. Forum Energy Technologies Inc shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of FET shares, versus its 200 day moving average:

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Forum Energy Technologies Inc 200 Day Moving Average Chart

Looking at the chart above, FET's low point in its 52 week range is $24.32 per share, with $32.52 as the 52 week high point — that compares with a last trade of $28.17.

According to the ETF Finder at ETF Channel, FET makes up 2.11% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading up by about 0.9% on the day Tuesday.

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