Notable Two Hundred Day Moving Average Cross - XEL

In trading on Monday, shares of XCite Energy Ltd (TSXV: XEL.TO) crossed below their 200 day moving average of $1.74, changing hands as low as $1.70 per share. XCite Energy Ltd shares are currently trading down about 3.4% on the day. The chart below shows the one year performance of XEL shares, versus its 200 day moving average:

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XCite Energy Ltd 200 Day Moving Average Chart

Looking at the chart above, XEL's low point in its 52 week range is $1.40 per share, with $2.09 as the 52 week high point — that compares with a last trade of $1.70.

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