Gabriel Resources Breaks Above 200-Day Moving Average - Bullish for GBU

In trading on Friday, shares of Gabriel Resources Ltd. (TSX: GBU.TO) crossed above their 200 day moving average of $1.19, changing hands as high as $1.24 per share. Gabriel Resources Ltd. shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of GBU shares, versus its 200 day moving average:

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Gabriel Resources Ltd. 200 Day Moving Average Chart

Looking at the chart above, GBU's low point in its 52 week range is $0.41 per share, with $2.79 as the 52 week high point — that compares with a last trade of $1.20.

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