Orocobre Breaks Above 200-Day Moving Average - Bullish for ORL

In trading on Friday, shares of Orocobre Ltd (TSX: ORL.TO) crossed above their 200 day moving average of $2.56, changing hands as high as $2.59 per share. Orocobre Ltd shares are currently trading up about 4% on the day. The chart below shows the one year performance of ORL shares, versus its 200 day moving average:

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Orocobre Ltd 200 Day Moving Average Chart

Looking at the chart above, ORL's low point in its 52 week range is $2.03 per share, with $3.31 as the 52 week high point — that compares with a last trade of $2.58.

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