CPLP Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Capital Product Partners L.P. (CPLP) crossed below their 200 day moving average of $10.54, changing hands as low as $10.05 per share. Capital Product Partners L.P. shares are currently trading down about 6.4% on the day. The chart below shows the one year performance of CPLP shares, versus its 200 day moving average:

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Capital Product Partners L.P. 200 Day Moving Average Chart

Looking at the chart above, CPLP's low point in its 52 week range is $8.12 per share, with $11.63 as the 52 week high point — that compares with a last trade of $10.26.

According to the ETF Finder at ETF Channel, CPLP makes up 2.57% of the Guggenheim Shipping ETF ( SEA) which is trading relatively unchanged on the day Wednesday.

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