Forte Energy strengthens above map; 50-day MAP outperforms 200-day MAP June 02, 2009 16:00:00 AEST
'Forte Energy (FTE.AU) has strengthened above its trend. The 200-day moving average price (MAP) was 7.0c. The price to 200-day MAP ratio is 2.06, a bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of 10.0c is higher than the 200-day MAP of 7.0c, another bullish indicator. The stock price soared 3.50c (or 31.8%) to close at 14.50c. Compared with the All Ordinaries index, which rose 61.7 points (or 1.6%) on the day, this was a relative price change of 30.2%.'
