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TAC Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Wednesday, June 15, 4:31 PM ET
Now Playing: Learn About The 200 DMA


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In trading on Wednesday, shares of TransAlta Corp. (NYSE:TAC) crossed below their 200 day moving average of $21.18, changing hands as low as $21.10 per share. TransAlta Corp. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of TAC shares, versus its 200 day moving average:

TransAlta Corp. 200 Day Moving Average Chart

Looking at the chart above, TAC's low point in its 52 week range is $18.44 per share, with $22.51 as the 52 week high point — that compares with a last trade of $21.26.

TAC operates in the Electric Utilities sector, among companies like Hawaiian Electric Industries, Inc. (NYSE:HE) which is down about 1.5% today, and Covanta Holding Corp (NYSE:CVA) trading lower by about 1.6%. Below is a three month price history chart comparing the stock performance of TAC, versus HE and CVA.

TAC,HE,CVA Relative Performance Chart


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