Fortum Oyj (OTCMKTS:FOJCY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Fortum Oyj (OTCMKTS:FOJCYGet Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.47 and traded as high as $4.66. Fortum Oyj shares last traded at $4.66, with a volume of 227 shares trading hands.

Fortum Oyj Stock Performance

The firm’s fifty day moving average price is $4.47 and its 200-day moving average price is $4.09.

About Fortum Oyj

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Fortum Oyj is a Finnish energy company primarily engaged in the production, distribution and sale of electricity and heat. The company’s generation portfolio spans a mix of nuclear, hydroelectric, combined‐cycle gas and bioenergy power plants. In addition to large‐scale power generation, Fortum operates district heating networks and waste‐to‐energy facilities, providing heat and power solutions to municipalities, industrial customers and residential users across its core markets.

In its customer solutions segment, Fortum offers electricity retail services, electric vehicle charging infrastructure and energy efficiency solutions.

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