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:

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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.

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