Transglobe Energy (TGL) Shares Cross Below 200 DMA

In trading on Tuesday, shares of Transglobe Energy Corporation (TSX: TGL.TO) crossed below their 200 day moving average of $2.35, changing hands as low as $2.32 per share. Transglobe Energy Corporation shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of TGL shares, versus its 200 day moving average:

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Transglobe Energy Corporation 200 Day Moving Average Chart

Looking at the chart above, TGL's low point in its 52 week range is $1.45 per share, with $2.94 as the 52 week high point — that compares with a last trade of $2.34.

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