Tesco Breaks Above 200-Day Moving Average - Bullish for TESO

In trading on Monday, shares of Tesco Corp. ( TESO) crossed above their 200 day moving average of $19.67, changing hands as high as $20.11 per share. Tesco Corp. shares are currently trading up about 4.1% on the day. The chart below shows the one year performance of TESO shares, versus its 200 day moving average:

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Tesco Corp. 200 Day Moving Average Chart

Looking at the chart above, TESO's low point in its 52 week range is $14.23 per share, with $22.50 as the 52 week high point — that compares with a last trade of $20.10.

According to the ETF Finder at ETF Channel, TESO makes up 2.58% of the PowerShares Dynamic Oil & Gas Services Portfolio ETF ( PXJ) which is trading higher by about 1% on the day Monday.

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