In trading on Tuesday, shares of the Telecom GEMS ETF (TGEM) crossed above their 200 day moving average of $19.67, changing hands as high as $19.78 per share. Telecom GEMS shares are currently trading up about 1.7% on the day. The chart below shows the one year performance of TGEM shares, versus its 200 day moving average:
Telecom GEMS Breaks Above 200-Day Moving Average - Bullish For TGEM
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