Maxim Power (MXG) Shares Cross Below 200 DMA

In trading on Friday, shares of Maxim Power Corp (TSX: MXG.TO) crossed below their 200 day moving average of $3.00, changing hands as low as $2.97 per share. Maxim Power Corp shares are currently trading off about 4.5% on the day. The chart below shows the one year performance of MXG shares, versus its 200 day moving average:

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Maxim Power Corp 200 Day Moving Average Chart

Looking at the chart above, MXG's low point in its 52 week range is $2.51 per share, with $3.97 as the 52 week high point — that compares with a last trade of $2.97.

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