SVY Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Savanna Energy Services Corp (TSX: SVY.TO) crossed below their 200 day moving average of $7.50, changing hands as low as $7.43 per share. Savanna Energy Services Corp shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of SVY shares, versus its 200 day moving average:

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Savanna Energy Services Corp 200 Day Moving Average Chart

Looking at the chart above, SVY's low point in its 52 week range is $6.45 per share, with $8.56 as the 52 week high point — that compares with a last trade of $7.49.

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