Shares Soar Above Long-Term Indicator
Open Text Corp (Symbol: OTEX) witnessed a notable milestone on Wednesday as its shares surged past the crucial 200-day moving average, reaching as high as $39.43 per share. The stock showed a remarkable uptick of 2.4% during the day, indicating a positive momentum shift.
The performance chart of OTEX shares over the past year, in comparison to its 200-day moving average, showcases a steady climb, capturing the attention of investors and analysts alike.
Delving into OTEX’s yearly range, the stock’s low hit $32.04 per share, whereas the high soared to $45.47. The closing trade stood at $39.30, reflecting the stock’s resilience and potential amid market fluctuations.
Curious to know about other stocks that recently crossed their 200-day moving average? Click here to find out!
Further Insights:
- Socially Responsible Preferreds
- Funds Holding GXP
- Funds Holding MLSS
The expressed views and opinions belong to the author and not necessarily reflect those of Nasdaq, Inc.
