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News Update: Callon Petroleum (NYSE: CPE) Hits New 52-Week High



Shares of Callon Petroleum (NYSE:CPE) traded at a new 52-week high today of $5.82. Approximately 240,000 shares have traded hands today vs. average 30-day volume of 541,000 shares.

Callon Petroleum is currently trading at $5.78, approximately 201% above its 50-day moving average of $3.25. SmarTrend will be monitoring shares of CPE to see if this bullish momentum will continue.

SmarTrend is bullish on shares of Callon Petroleum and our subscribers were alerted to Buy on January 11, 2010 at $1.92. The stock has risen 201.8% since the alert was issued.

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