Fracking the 200 day moving average: C&J Energy Services (NYSE:CJES)

by Josh C&J Energy Services ($CJES) broke through the 200 day moving average before pulling back to sit right on the 200 day moving average here at mid day. Shares are resolving a symmetrical triangle on heavy volume in their post earnings trade today.

Shares were last at $20.97, on a volume of 858,575 shares, but CJES on track to trade at twice the average volume. The 200 day moving average is currently at $20.70.

52 Week Range $17.45-$25.35 Market Cap 1,128,843,823 Average Volume 540,377 Dividend Yield 0.00% Institutional Ownership 90.00% Insider Ownership: 4.10% Percentage of Float Short 5.70% Beta 1.14

C&J Energy Services is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

C&J Energy Services C&J Energy Services Inc is a provider of premium hydraulic fracturing & coiled tubing services with focus on complex well completions. Its segments are: Stimulation & Well Intervention Services; Wireline Services; Equipment Manufacturing.

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