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Cineplex (TSE:CGX) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?
['Kim Johansen']
Markets Daily
Cineplex Inc. (TSE:CGX – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday .
The stock has a 200-day moving average of C$10.84 and traded as high as C$11.74.
Finally, National Bankshares decreased their price target on Cineplex from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research note on Tuesday.
According to MarketBeat.com, Cineplex presently has an average rating of “Moderate Buy” and an average target price of C$12.55.
Get Cineplex alerts:Read Our Latest Stock Report on CineplexCineplex Stock PerformanceAbout CineplexThe stock has a 50-day simple moving average of C$11.45 and a 200 day simple moving average of C$10.84.