VLN Crosses Above Key Moving Average Level
Written by: CanadaStockChannel.com
In trading on Monday, shares of Velan, Inc (VLN.TO"> VLN.TO) crossed above their 200 day moving average of $11.63, changing hands as high as $11.75 per share. Velan, Inc shares are currently trading down about 0.9% on the day. The chart below shows the one year performance of VLN shares, versus its 200 day moving average:
Looking at the chart above, VLN's low point in its 52 week range is $10.96 per share, with $12.70 as the 52 week high point — that compares with a last trade of $11.50.