Callon Petroleum Stock Surpasses 200-Day Moving Average

Shares of Callon Petroleum Co. (CPE) surpassed their 200-day moving average of $34.49, reaching a high of $34.68. This positive movement led to an increase of 2.5% in CPE shares on the day. The stock's 52-week range shows a low of $28.62 and a high of $41.36, with a last trade at $34.55.

Callon Petroleum Co. (CPE) recently crossed above its 200-day moving average of $34.49, reaching a high of $34.68. This positive movement led to an increase of 2.5% in CPE shares on the day. The stock's 52-week range shows a low of $28.62 and a high of $41.36, with a last trade at $34.55.

This bullish cross of the 200-day moving average is a significant event, indicating that the stock is experiencing an upward trend in the long-term. The stock's current price is also above its 5, 20, and 50-day exponential moving averages, further supporting the bullish trend.

It is important to note, however, that while the stock is currently experiencing slight selling pressure, as indicated by its position relative to the 200-day moving average, the overall trend remains bullish.

Investors may want to consider the stock's chart indicators, including the 8-day SMA, 20-day SMA, 50-day SMA, 200-day SMA, 8-day EMA, 20-day EMA, 50-day EMA, and 200-day EMA, which can provide additional insights into the stock's current and potential future performance.

It is always recommended to conduct thorough research and analysis before making any investment decisions.

References:
[1] https://www.energystockchannel.com/article/202311/notable-two-hundred-day-moving-average-cross-cpe-cpe-CPE11022023.htm/
[2] https://financhill.com/stock-price-chart/cpe-technical-analysis/1000