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Gulfport Energy Corp Sinks Like A Ship, Watch This Bounce Level

|Includes: Gulfport Energy Corporation (GPOR)

Gulfport Energy Corporation (NASDAQ:GPOR) is a leading independent oil and natural gas exploration and production company. Today, the stock price of Gulfport Energy Corporation is falling sharply lower by 18.5 percent to $59.48 a share. The company reported earnings that were below Wall Street expectations. The stock has been downgraded by numerous brokerage firms today and this is certainly weighing on Gulfport Energy Corp's stock price. Swing traders should now watch for solid daily chart support around the $56.00 level. This is an area where the stock was defended by the large institutional money in January 2014. Currently, Gulfport Energy Corp's stock price is trading on the 50-week moving average and that is probably helping to keep the stock price at its current level in today's trading session.

Nicholas Santiago