MEG Crosses Below Key Moving Average Level
In trading on Monday, shares of MEG Energy Corp (TSX: MEG.TO) crossed below their 200 day moving average of $5.31, changing hands as low as $5.27 per share. MEG Energy Corp shares are currently trading down about 4% on the day. The chart below shows the one year performance of MEG shares, versus its 200 day moving average:
Looking at the chart above, MEG's low point in its 52 week range is $4.06 per share, with $9 as the 52 week high point — that compares with a last trade of $5.31.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.