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Abraxas Petroleum Gapping Up Friday

Here is a stock that gapped up today with opening prices significantly higher than the close on the previous trading day:

  • Abraxas Petroleum (NASDAQ:AXAS) gapped up today, opening at $2.20 after closing the previous trading session at $2. Shares have risen 2.5%, trading at a volume of 193,784. Shares are down over the last two months as the price has dropped $1 (-32.8%) from a price of $3.05 on June 27, 2012. The stock is trading at 83% of its 50-day moving average and 69.7% of its 200-day moving average.