Storm Resources Breaks Above 200-Day Moving Average - Bullish for SRX

In trading on Thursday, shares of Storm Resources Ltd. (TSXV: SRX.TO) crossed above their 200 day moving average of $4.74, changing hands as high as $5.00 per share. Storm Resources Ltd. shares are currently trading up about 6.1% on the day. The chart below shows the one year performance of SRX shares, versus its 200 day moving average:

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Storm Resources Ltd. 200 Day Moving Average Chart

Looking at the chart above, SRX's low point in its 52 week range is $3.02 per share, with $6.16 as the 52 week high point — that compares with a last trade of $4.86.

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