S Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of Sherritt International Corp. (TSX: S.TO) crossed below their 200 day moving average of $2.82, changing hands as low as $2.77 per share. Sherritt International Corp. shares are currently trading down about 5.1% on the day. The chart below shows the one year performance of S shares, versus its 200 day moving average:

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Sherritt International Corp. 200 Day Moving Average Chart

Looking at the chart above, S's low point in its 52 week range is $2.00 per share, with $4.90 as the 52 week high point — that compares with a last trade of $2.78.

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