Cangene Breaks Above 200-Day Moving Average - Bullish For CNJ

In trading on Tuesday, shares of Cangene Corp. (TSX: CNJ.TO) crossed above their 200 day moving average of $2.53, changing hands as high as $2.60 per share. Cangene Corp. shares are currently trading up about 4% on the day. The chart below shows the one year performance of CNJ shares, versus its 200 day moving average:

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Cangene Corp. 200 Day Moving Average Chart

Looking at the chart above, CNJ's low point in its 52 week range is $1.40 per share, with $3.28 as the 52 week high point — that compares with a last trade of $2.60.
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