Manitok Energy Breaks Above 200-Day Moving Average - Bullish for MEI

In trading on Friday, shares of Manitok Energy Inc. (TSXV: MEI.TO) crossed above their 200 day moving average of $2.66, changing hands as high as $2.75 per share. Manitok Energy Inc. shares are currently trading up about 5% on the day. The chart below shows the one year performance of MEI shares, versus its 200 day moving average:

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Manitok Energy Inc. 200 Day Moving Average Chart

Looking at the chart above, MEI's low point in its 52 week range is $1.93 per share, with $3.38 as the 52 week high point — that compares with a last trade of $2.75.

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