W & T Offshore Breaks Above 200-Day Moving Average - Bullish for WTI

In trading on Friday, shares of W & T Offshore Inc (WTI) crossed above their 200 day moving average of $16.19, changing hands as high as $16.44 per share. W & T Offshore Inc shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of WTI shares, versus its 200 day moving average:

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W & T Offshore Inc 200 Day Moving Average Chart

Looking at the chart above, WTI's low point in its 52 week range is $10.68 per share, with $20.43 as the 52 week high point — that compares with a last trade of $16.40.

According to the ETF Finder at ETF Channel, WTI makes up 2.82% of the PowerShares Dynamic Energy Exploration & Production Portfolio ETF ( PXE) which is trading up by about 0.1% on the day Friday.

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