Canfor (OTCMKTS:CFPZF) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Canfor Co. (OTCMKTS:CFPZFGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.33 and traded as low as $10.72. Canfor shares last traded at $10.72, with a volume of 5,743 shares traded.

Canfor Price Performance

The company’s fifty day simple moving average is $10.57 and its 200 day simple moving average is $11.33.

About Canfor

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Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.

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