Cogeco Breaks Above 200-Day Moving Average - Bullish for CGO

In trading on Thursday, shares of Cogeco Inc (TSX: CGO.TO) crossed above their 200 day moving average of $52.64, changing hands as high as $52.95 per share. Cogeco Inc shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of CGO shares, versus its 200 day moving average:

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Cogeco Inc 200 Day Moving Average Chart

Looking at the chart above, CGO's low point in its 52 week range is $47.55 per share, with $57.82 as the 52 week high point — that compares with a last trade of $52.79.

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