Ericsson Breaks Above 200-Day Moving Average - Bullish for ERIC
In trading on Monday, shares of Ericsson (Symbol: ERIC) crossed above their 200 day moving average of $5.16, changing hands as high as $5.22 per share. Ericsson shares are currently trading up about 3.1% on the day. The chart below shows the one year performance of ERIC shares, versus its 200 day moving average:
Looking at the chart above, ERIC's low point in its 52 week range is $4.33 per share, with $6.815 as the 52 week high point — that compares with a last trade of $5.18.
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