Matson Breaks Above 200-Day Moving Average - Bullish For MATX

In trading on Friday, shares of Matson Inc ( MATX) crossed above their 200 day moving average of $24.01, changing hands as high as $24.55 per share. Matson Inc shares are currently trading up about 5.1% on the day. The chart below shows the one year performance of MATX shares, versus its 200 day moving average:

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Matson Inc 200 Day Moving Average Chart

Looking at the chart above, MATX's low point in its 52 week range is $19.96 per share, with $30.30 as the 52 week high point — that compares with a last trade of $24.44.

According to the ETF Finder at ETF Channel, MATX makes up 3.65% of the iShares Dow Jones Transportation Average Index Fund ETF ( IYT) which is trading higher by about 2.8% on the day Friday.
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