Western Forest Products Breaks Above 200-Day Moving Average - Bullish for WEF

In trading on Thursday, shares of Western Forest Products Inc (TSX: WEF.TO) crossed above their 200 day moving average of $2.25, changing hands as high as $2.29 per share. Western Forest Products Inc shares are currently trading up about 2.7% on the day. The chart below shows the one year performance of WEF shares, versus its 200 day moving average:

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Western Forest Products Inc 200 Day Moving Average Chart

Looking at the chart above, WEF's low point in its 52 week range is $1.78 per share, with $2.80 as the 52 week high point — that compares with a last trade of $2.29.

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