Orocobre Breaks Above 200-Day Moving Average - Bullish For ORL
In trading on Thursday, shares of Orocobre Ltd (TSX: ORL.TO) crossed above their 200 day moving average of $1.58, changing hands as high as $1.70 per share. Orocobre Ltd shares are currently trading up about 4.6% on the day. The chart below shows the one year performance of ORL shares, versus its 200 day moving average:
Looking at the chart above, ORL's low point in its 52 week range is $1.12 per share, with $2.55 as the 52 week high point — that compares with a last trade of $1.60.
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