Cardiome Pharma Breaks Above 200-Day Moving Average - Bullish for COM

In trading on Friday, shares of Cardiome Pharma Corporation (TSX: COM.TO) crossed above their 200 day moving average of $8.09, changing hands as high as $8.24 per share. Cardiome Pharma Corporation shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of COM shares, versus its 200 day moving average:

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Cardiome Pharma Corporation 200 Day Moving Average Chart

Looking at the chart above, COM's low point in its 52 week range is $2.39 per share, with $12.02 as the 52 week high point — that compares with a last trade of $8.05.

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