Timbercreek Mortgage Investment Breaks Above 200-Day Moving Average - Bullish for TMC

In trading on Monday, shares of Timbercreek Mortgage Investment Corp (TSX: TMC.TO) crossed above their 200 day moving average of $9.29, changing hands as high as $9.32 per share. Timbercreek Mortgage Investment Corp shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of TMC shares, versus its 200 day moving average:

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Timbercreek Mortgage Investment Corp 200 Day Moving Average Chart

Looking at the chart above, TMC's low point in its 52 week range is $8.64 per share, with $9.86 as the 52 week high point — that compares with a last trade of $9.32.

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