MAG Crosses Above Key Moving Average Level
In trading on Wednesday, shares of MAG Silver Corp (Symbol: MAG) crossed above their 200 day moving average of $12.10, changing hands as high as $12.20 per share. MAG Silver Corp shares are currently trading up about 4.5% on the day. The chart below shows the one year performance of MAG shares, versus its 200 day moving average:
Looking at the chart above, MAG’s low point in its 52 week range is $10.05 per share, with $16.78 as the 52 week high point – that compares with a last trade of $12.21. According to the ETF Finder at ETF Channel, MAG makes up 1.06% of the Junior Gold Miners ETF (Symbol: GDXJ) which is trading higher by about 2.5% on the day Wednesday.
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