IO Crosses Above Key Moving Average Level

In trading on Thursday, shares of ION Geophysical Corp ( IO) crossed above their 200 day moving average of $4.42, changing hands as high as $4.60 per share. ION Geophysical Corp shares are currently trading up about 5.3% on the day. The chart below shows the one year performance of IO shares, versus its 200 day moving average:

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ION Geophysical Corp 200 Day Moving Average Chart

Looking at the chart above, IO's low point in its 52 week range is $2.81 per share, with $6.90 as the 52 week high point — that compares with a last trade of $4.54.

According to the ETF Finder at ETF Channel, IO makes up 2.79% of the PowerShares Dynamic Oil & Gas Services Portfolio ETF ( PXJ) which is trading up by about 0.3% on the day Thursday.

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