CDI Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of CanElson Drilling Inc (TSX: CDI.TO) crossed below their 200 day moving average of $7.16, changing hands as low as $6.96 per share. CanElson Drilling Inc shares are currently trading off about 3.3% on the day. The chart below shows the one year performance of CDI shares, versus its 200 day moving average:

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CanElson Drilling Inc 200 Day Moving Average Chart

Looking at the chart above, CDI's low point in its 52 week range is $5.83 per share, with $8.78 as the 52 week high point — that compares with a last trade of $7.13.

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