Fortum Oyj (OTCMKTS:FOJCY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Fortum Oyj (OTCMKTS:FOJCY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.11 and traded as low as $4.0915. Fortum Oyj shares last traded at $4.10, with a volume of 769 shares changing hands.

Fortum Oyj Stock Performance

The company’s 50 day simple moving average is $4.11 and its two-hundred day simple moving average is $3.75.

Fortum Oyj Company Profile

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.