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RDI Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Monday, May 2, 11:31 AM ET
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In trading on Monday, shares of Reading International, Inc. (NASDAQ:RDI) crossed below their 200 day moving average of $4.80, changing hands as low as $4.76 per share. Reading International, Inc. shares are currently trading up about 6.6% on the day. The chart below shows the one year performance of RDI shares, versus its 200 day moving average:

Reading International, Inc. 200 Day Moving Average Chart

Looking at the chart above, RDI's low point in its 52 week range is $3.63 per share, with $7.74 as the 52 week high point — that compares with a last trade of $5.18.

RDI operates in the Entertainment sector, among companies like Walt Disney Co. (NYSE:DIS) which is up about 1.4% today, and Time Warner Inc (NYSE:TWX) trading higher by about 1.8%. Below is a three month price history chart comparing the stock performance of RDI, versus DIS and TWX.

RDI,DIS,TWX Relative Performance Chart


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