GLP Crosses Below Key Moving Average Level

In trading on Monday, shares of Global Partners LP (GLP) crossed below their 200 day moving average of $40.31, changing hands as low as $39.75 per share. Global Partners LP shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of GLP shares, versus its 200 day moving average:

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Global Partners LP 200 Day Moving Average Chart

Looking at the chart above, GLP's low point in its 52 week range is $33.40 per share, with $45.75 as the 52 week high point — that compares with a last trade of $39.75.

According to the ETF Finder at ETF Channel, GLP makes up 2.42% of the Junior MLP ETF ( MLPJ) which is trading lower by about 3.5% on the day Monday.

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