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Bullish Two Hundred Day Moving Average Cross - ARCO
By: BNK Invest
In trading on Tuesday, shares of Arcos Dorados Holdings Inc (Symbol: ARCO) crossed above their 200 day moving average of $10.52, changing hands as high as $10.54 per share. Arcos Dorados Holdings Inc shares are currently trading up about 1% on the day. The chart below shows the one year performance of ARCO shares, versus its 200 day moving average:
Looking at the chart above, ARCO's low point in its 52 week range is $8.26 per share, with $14.35 as the 52 week high point - that compares with a last trade of $10.48.
According to the ETF Finder at ETF Channel, ARCO makes up 4.55% of the FTSE Argentina 20 ETF (Symbol: ARGT) which is trading up by about 1.2% on the day Tuesday.