Resolute Forest Products Breaks Above 200-Day Moving Average - Bullish for RFP

In trading on Wednesday, shares of Resolute Forest Products Inc (TSX: RFP.TO) crossed above their 200 day moving average of $18.39, changing hands as high as $18.41 per share. Resolute Forest Products Inc shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of RFP shares, versus its 200 day moving average:

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Resolute Forest Products Inc 200 Day Moving Average Chart

Looking at the chart above, RFP's low point in its 52 week range is $12.84 per share, with $24.04 as the 52 week high point — that compares with a last trade of $18.41.

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