Layne Christensen Breaks Above 200-Day Moving Average - Bullish for LAYN

In trading on Wednesday, shares of Layne Christensen Co. (LAYN) crossed above their 200 day moving average of $8.26, changing hands as high as $8.43 per share. Layne Christensen Co. shares are currently trading up about 11.3% on the day. The chart below shows the one year performance of LAYN shares, versus its 200 day moving average:

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Layne Christensen Co. 200 Day Moving Average Chart

Looking at the chart above, LAYN's low point in its 52 week range is $4.35 per share, with $15.66 as the 52 week high point — that compares with a last trade of $8.28.

According to the ETF Finder at ETF Channel, LAYN makes up 3.37% of the Environmental Services ETF ( EVX) which is trading relatively unchanged on the day Wednesday.

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