Crocotta Energy Breaks Above 200-Day Moving Average - Bullish For CTA

In trading on Tuesday, shares of Crocotta Energy Inc (TSX: CTA.TO) crossed above their 200 day moving average of $2.94, changing hands as high as $3.02 per share. Crocotta Energy Inc shares are currently trading up about 3.8% on the day. The chart below shows the one year performance of CTA shares, versus its 200 day moving average:

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Crocotta Energy Inc 200 Day Moving Average Chart

Looking at the chart above, CTA's low point in its 52 week range is $2.57 per share, with $3.57 as the 52 week high point — that compares with a last trade of $3.03.

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