Trends in Callon Petroleum’s moving averages
Callon Petroleum’s (CPE) stock was mostly on an uptrend in 2016. CPE’s stock was mostly trading above its 50-day MA (moving average). The periods it was trading under the 50-day MA were relatively shorter (see image below). On January 4, 2017, CPE was trading 5% above its 50-day MA.
Callon Petroleum’s 200-day moving average
Callon Petroleum’s stock was also trading above its 200-day MA for most of 2016. On January 4, 2017, CPE’s stock was trading ~21% above its 200-day moving average.
CPE’s stock has risen 98% YoY (year-over-year). Meanwhile, peers SM Energy (SM), Sanchez Energy (SN), and Newfield Exploration (NFX) have risen 78%, 113%, and ~32% in the same period. SM and NFX make up 1.8% of the First Trust Energy AlphaDEX (FXN).