TAG Oil (TAO) Shares Cross Below 200 DMA

In trading on Thursday, shares of TAG Oil Ltd (TSX: TAO.TO) crossed below their 200 day moving average of $4.21, changing hands as low as $4.19 per share. TAG Oil Ltd shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of TAO shares, versus its 200 day moving average:

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TAG Oil Ltd 200 Day Moving Average Chart

Looking at the chart above, TAO's low point in its 52 week range is $2.73 per share, with $7.29 as the 52 week high point — that compares with a last trade of $4.16.
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