Capital Product Partners Breaks Above 200-Day Moving Average - Bullish For CPLP

In trading on Wednesday, shares of Capital Product Partners L.P. ( CPLP) crossed above their 200 day moving average of $9.15, changing hands as high as $9.17 per share. Capital Product Partners L.P. shares are currently trading up about 2% 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 $6.54 per share, with $11.63 as the 52 week high point — that compares with a last trade of $9.17.

According to the ETF Finder at ETF Channel, CPLP makes up 3.51% of the Guggenheim Shipping ETF ( SEA) which is trading higher by about 0.7% on the day Wednesday.

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