A pair of binoculars would be better at that price point.
http://www.skyandtelescope.com/howto/howtoequipment/3389576.html
I have two “inexpensive” telescopes that do not do a satisfactory job at all, they set in the basement with a dust cover over them.
I stumbled upon a deal At Gandor Mtn several years ago on PENTAX binoculars, one is a 16x60 pcf v and the other is a 20x60 pcf v. Each was clearance at $99, I purchased both.
I suggest waterproof, fogproof and nitrogen-filled! My above two are not nitrogen filled.
IMO: any astronomical viewing requires a tripod mount to hold the binoculars steady, you will also need an adaptor to attach the binoculars to it.
http://www.cloudynights.com/
and
http://www.cloudynights.com/category.php?category_id=182
http://www.philharrington.net/sw8.htm