Fortis Breaks Above 200-Day Moving Average - Bullish for FTS
In trading on Wednesday, shares of Fortis Inc. (TSX: FTS.TO ) crossed above their 200 day moving average of $37.65, changing hands as high as $37.87 per share. Fortis Inc. shares are currently trading up about 2.7% on the day. The chart below shows the one year performance of FTS shares, versus its 200 day moving average:
Looking at the chart above, FTS's low point in its 52 week range is $34.16 per share, with $42.23 as the 52 week high point - that compares with a last trade of $37.77.