TAG Oil Breaks Above 200-Day Moving Average - Bullish for TAO

In trading on Wednesday, shares of TAG Oil Ltd (TSX: TAO.TO) crossed above their 200 day moving average of $1.60, changing hands as high as $1.61 per share. TAG Oil Ltd shares are currently trading up about 5.4% on the day. The chart below shows the one year performance of TAO shares, versus its 200 day moving average:

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TAG Oil Ltd 200 Day Moving Average Chart

Looking at the chart above, TAO's low point in its 52 week range is $1.27 per share, with $2.89 as the 52 week high point — that compares with a last trade of $1.60.

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