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TransAlta Breaks Above 200-Day Moving Average - Bullish for TA

In trading on Tuesday, shares of TransAlta Corp (TSX: TA.TO) crossed above their 200 day moving average of $8.68, changing hands as high as $8.70 per share. TransAlta Corp shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of TA shares, versus its 200 day moving average:

TransAlta Corp 200 Day Moving Average Chart

Looking at the chart above, TA's low point in its 52 week range is $6.23 per share, with $10.14 as the 52 week high point — that compares with a last trade of $8.68.

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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