May 10, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is Genesis Energy (AMEX:GEL), up 1.6% to $52.66. The S&P is currently trading fractionally lower to 1,626 and the Dow Jones Industrial Average is trading fractionally lower to 15,066.
Genesis Energy (AMEX:GEL) is currently priced 10.2% above its average consensus analyst price target of $47.27. The stock should find initial support at its 50-day moving average (MA) of $47.18 and further support at its 200-day MA of $38.07.
Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.
In the past 52 weeks, shares of Genesis Energy have traded between a low of $26.70 and a high of $52.78 and are now at $52.66, which is 97% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.0%.
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