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Open Text Corp Breaks Above 200-Day Moving Average - Bullish for OTEX

By Market News Video Staff, Friday, August 10, 12:18 PM ET
Play Video: Learn About The 200 DMA

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In trading on Friday, shares of Open Text Corp (NASDAQ:OTEX) crossed above their 200 day moving average of $53.84, changing hands as high as $54.27 per share. Open Text Corp shares are currently trading up about 7.6% on the day. The chart below shows the one year performance of OTEX shares, versus its 200 day moving average:

Open Text Corp 200 Day Moving Average Chart

Looking at the chart above, OTEX's low point in its 52 week range is $44.67 per share, with $62.70 as the 52 week high point that compares with a last trade of $53.31.

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According to the ETF Finder at ETF Channel, OTEX makes up 1.67% of the NASDAQ Internet Portfolio ETF (NASDAQ:PNQI) which is trading lower by about 0.3% on the day Friday.

See what other ETFs contain OTEX
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