Coil Resolving on Midstates Petroleum (NYSE:MPO)

by Josh Midstates Petroleum ($MPO) was last at $6.20 on a volume of 1,811,860 here at 2 pm EST. Average daily volume has been at 929,451 shares.

Shares are resolving the symmetrical triangle (coil) pattern and well as breakout out of their downward channel on high volume today. Shares are approaching the 200 day moving average, currently at $6.33.

52 Week Range $4.26-$8.95 Market Cap 426,212,569 Average Volume 929,451 Dividend Yield 0.00% Institutional Ownership 30.30% Insider Ownership: 0.00% Percentage of Float Short 6.90% Beta 2.46

Midstates Petroleum Co Inc is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil-prone resources.

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