Ring Energy Breaks Below 200-Day Moving Average - Notable for REI

In trading on Friday, shares of Ring Energy Inc (REI) crossed below their 200 day moving average of $12.55, changing hands as low as $12.38 per share. Ring Energy Inc shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of REI shares, versus its 200 day moving average:

START SLIDESHOW:
Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

Ring Energy Inc 200 Day Moving Average Chart

Looking at the chart above, REI's low point in its 52 week range is $8.76 per share, with $14.67 as the 52 week high point — that compares with a last trade of $12.40.

According to the ETF Finder at ETF Channel, REI makes up 1.77% of the PowerShares DWA Energy Momentum Portfolio ETF ( PXI) which is trading up by about 0.6% on the day Friday.

More from Stocks

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

Fornite Funko Pop Toys Will Be Huge: CEO

Fornite Funko Pop Toys Will Be Huge: CEO

How This Former VC Player Became CEO of $2 Billion Cannabis Company Tilray

How This Former VC Player Became CEO of $2 Billion Cannabis Company Tilray

Don't Panic! The Risk of a Recession This Year Is Low

Don't Panic! The Risk of a Recession This Year Is Low

Stocks End Close to Home

Stocks End Close to Home