Medallion Financial Breaks Above 200-Day Moving Average - Bullish for TAXI

In trading on Monday, shares of Medallion Financial Corp. (TAXI) crossed above their 200 day moving average of $10.78, changing hands as high as $11.05 per share. Medallion Financial Corp. shares are currently trading up about 3.8% on the day. The chart below shows the one year performance of TAXI shares, versus its 200 day moving average:

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Medallion Financial Corp. 200 Day Moving Average Chart

Looking at the chart above, TAXI's low point in its 52 week range is $9.00 per share, with $14.17 as the 52 week high point — that compares with a last trade of $11.01.

According to the ETF Finder at ETF Channel, TAXI makes up 1.20% of the BDC Income ETF ( BIZD) which is trading up by about 0.7% on the day Monday.

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