MCS Makes Bullish Cross Above Critical Moving Average

In trading on Friday, shares of McChip Resources Inc. (TSXV: MCS.TO) crossed above their 200 day moving average of $1.71, changing hands as high as $1.74 per share. McChip Resources Inc. shares are currently trading trading flat on the day. The chart below shows the one year performance of MCS shares, versus its 200 day moving average:

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McChip Resources Inc. 200 Day Moving Average Chart

Looking at the chart above, MCS's low point in its 52 week range is $1.10 per share, with $2.05 as the 52 week high point — that compares with a last trade of $1.51.