SD Makes Bullish Cross Above Critical Moving Average
In trading on Friday, shares of Sandridge Energy, Inc. (NYSE: SD) crossed above their 200 day moving average of $8.13, changing hands as high as $8.33 per share. Sandridge Energy, Inc. shares are currently trading up about 8.5% on the day. The chart below shows the one year performance of SD shares, versus its 200 day moving average:
Looking at the chart above, SD’s low point in its 52 week range is $4.55 per share, with $13.34 as the 52 week high point — that compares with a last trade of $8.29.
According to the ETF Finder at ETF Channel, SD makes up 3.65% of the First Trust ISE-Revere Natural Gas Index Fund ETF (AMEX: FCG) which is trading higher by about 1.9% on the day Friday.
Article source: http://us.rd.yahoo.com/finance/external/forbes/rss/SIG=13hofpi87/*http://www.forbes.com/sites/energystockchannel/2012/03/23/sd-makes-bullish-cross-above-critical-moving-average/?partner=yahootix
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