Notable Two Hundred Day Moving Average Cross - MRD

In trading on Tuesday, shares of Melcor Developments Ltd. (TSX: MRD.TO) crossed below their 200 day moving average of $23.47, changing hands as low as $23.35 per share. Melcor Developments Ltd. shares are currently trading off about 3.9% on the day. The chart below shows the one year performance of MRD shares, versus its 200 day moving average:

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Melcor Developments Ltd. 200 Day Moving Average Chart

Looking at the chart above, MRD's low point in its 52 week range is $19.05 per share, with $27.60 as the 52 week high point — that compares with a last trade of $23.35.

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