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Goodrich Petroleum Rising Today on Above-Average Volume (GDP)
Feb 06, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Goodrich Petroleum are trading up 20.1% to $12.75 today on above average volume. Today's volume of 3.4 million shares tops the average 30-day volume of 1.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Goodrich Petroleum on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.92. Since that recommendation, shares of Goodrich Petroleum have risen 7.1%. We continue to monitor GDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, Goodrich Petroleum share prices have been bracketed by a low of $7.77 and a high of $20.67 and are now at $12.60, 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.7%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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