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MEG Energy Breaks Above 200-Day Moving Average - Bullish for MEG

In trading on Tuesday, shares of MEG Energy Corp (TSX: MEG.TO) crossed above their 200 day moving average of $5.80, changing hands as high as $5.94 per share. MEG Energy Corp shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of MEG shares, versus its 200 day moving average:

MEG Energy Corp 200 Day Moving Average Chart

Looking at the chart above, MEG's low point in its 52 week range is $4.06 per share, with $11.70 as the 52 week high point — that compares with a last trade of $5.78.

Click here to find out which 9 other Canadian stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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