Canadian Utilities Shares Cross Below 200 DMA

In trading on Wednesday, shares of Canadian Utilities Ltd (TSX: CU.TO) crossed below their 200 day moving average of $33.27, changing hands as low as $33.23 per share. Canadian Utilities Ltd shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of CU shares, versus its 200 day moving average:

Looking at the chart above, CU’s low point in its 52 week range is $29.15 per share, with $37.10 as the 52 week high point — that compares with a last trade of $33.31.