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LAYN Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Wednesday, June 8, 1:30 PM ET
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In trading on Wednesday, shares of Layne Christensen Co. (NASDAQ:LAYN) crossed above their 200 day moving average of $30.28, changing hands as high as $32.14 per share. Layne Christensen Co. shares are currently trading up about 12.9% on the day. The chart below shows the one year performance of LAYN shares, versus its 200 day moving average:

Layne Christensen Co. 200 Day Moving Average Chart

Looking at the chart above, LAYN's low point in its 52 week range is $23.01 per share, with $38.00 as the 52 week high point — that compares with a last trade of $31.10.

According to the ETF Finder at ETF Channel, LAYN makes up 3.19% of the Water Resources Portfolio ETF (AMEX:PHO) which is trading lower by about 0.4% on the day Wednesday.

     See what other ETFs contain LAYN »
     See what other stocks are held by PHO »

LAYN operates in the Construction sector, among companies like Northwest Pipe Co. (NASDAQ:NWPX) which is off about 0.2% today, and Baker (Michael) Corp. (AMEX:BKR) trading lower by about 0.4%. Below is a three month price history chart comparing the stock performance of LAYN, versus NWPX and BKR.

LAYN,NWPX,BKR Relative Performance Chart


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This Article's Word Cloud:   AMEX   According   Below   Channel   Christensen   Investment   LAYN   Layne   Moving   NWPX   Pipe   Portfolio   Wednesday   about   above   allows   asset   average   bonds   chart   classes   companies   completely   countries   currently   designed   growth   hands   high   leads   lower   moving   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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