Fortum Oyj (OTCMKTS:FOJCY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Fortum Oyj (OTCMKTS:FOJCYGet Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.80 and traded as low as $2.72. Fortum Oyj shares last traded at $2.74, with a volume of 3,796 shares trading hands.

Fortum Oyj Price Performance

The stock has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.96.

Fortum Oyj Company Profile

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Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.

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