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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
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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.

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This Article's Word Cloud:   Above   According   Asset   Class   Corp   Crossing   Finder   Friday   Internet   Looking   Management   OTEX   Open   PNQI   Portfolio   Special   Start   Stocks   Text   Their   about   above   average   below   better   changing   chart   compares   currently   held   high   last   lower   makes   markets   moving   other   point   range   raquo   share   shares   slideshow   that   trading   versus   week   what   which   with
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