OTEX Crosses Below Key Moving Average Level

In trading on Thursday, shares of Open Text Corp (OTEX) crossed below their 200 day moving average of $54.73, changing hands as low as $54.50 per share. Open Text Corp shares are currently trading off about 1.8% on the day. The chart below shows the one year performance of OTEX shares, versus its 200 day moving average:

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Open Text Corp 200 Day Moving Average Chart

Looking at the chart above, OTEX's low point in its 52 week range is $44.67 per share, with $61.70 as the 52 week high point — that compares with a last trade of $54.60.

According to the ETF Finder at ETF Channel, OTEX makes up 1.35% of the NASDAQ Internet Portfolio ETF ( PNQI) which is trading lower by about 1.9% on the day Thursday.

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