Raimount Energy Breaks Above 200-Day Moving Average - Bullish For RMT

In trading on Monday, shares of Raimount Energy Inc (TSXV: RMT.TO) crossed above their 200 day moving average of $2.16, changing hands as high as $2.30 per share. Raimount Energy Inc shares are currently trading trading flat on the day. The chart below shows the one year performance of RMT shares, versus its 200 day moving average:

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Raimount Energy Inc 200 Day Moving Average Chart

Looking at the chart above, RMT's low point in its 52 week range is $2.10 per share, with $2.30 as the 52 week high point — that compares with a last trade of $2.10.
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