Tembec Breaks Above 200-Day Moving Average - Bullish for TMB

In trading on Monday, shares of Tembec Inc (TSX: TMB.TO) crossed above their 200 day moving average of $2.91, changing hands as high as $3.15 per share. Tembec Inc shares are currently trading up about 5.3% on the day. The chart below shows the one year performance of TMB shares, versus its 200 day moving average:

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Tembec Inc 200 Day Moving Average Chart

Looking at the chart above, TMB's low point in its 52 week range is $2.25 per share, with $3.40 as the 52 week high point — that compares with a last trade of $2.99.

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