Resolute Energy Breaks Above 200-Day Moving Average - Bullish for REN

In trading on Wednesday, shares of Resolute Energy Corp (REN) crossed above their 200 day moving average of $32.66, changing hands as high as $33.40 per share. Resolute Energy Corp shares are currently trading up about 2% on the day. The chart below shows the one year performance of REN shares, versus its 200 day moving average:

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Resolute Energy Corp 200 Day Moving Average Chart

Looking at the chart above, REN's low point in its 52 week range is $23.64 per share, with $49.14 as the 52 week high point — that compares with a last trade of $32.73.

According to the ETF Finder at ETF Channel, REN makes up 2.46% of the PowerShares DWA Energy Momentum Portfolio ETF ( PXI) which is trading up by about 1% on the day Wednesday.

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