Rare Element Resources Breaks Below 200-Day Moving Average - Notable For RES

In trading on Tuesday, shares of Rare Element Resources Ltd. (TSX: RES.TO) crossed below their 200 day moving average of $2.42, changing hands as low as $2.29 per share. Rare Element Resources Ltd. shares are currently trading off about 4.5% on the day. The chart below shows the one year performance of RES shares, versus its 200 day moving average:

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Rare Element Resources Ltd. 200 Day Moving Average Chart

Looking at the chart above, RES's low point in its 52 week range is $1.60 per share, with $4.65 as the 52 week high point — that compares with a last trade of $2.35.

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