PSL Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of the PowerShares DWA Consumer Staples Momentum Portfolio ETF (PSL) crossed below their 200 day moving average of $42.68, changing hands as low as $42.25 per share. PowerShares DWA Consumer Staples Momentum Portfolio shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of PSL shares, versus its 200 day moving average:
Looking at the chart above, PSL's low point in its 52 week range is $38.24 per share, with $45.11 as the 52 week high point — that compares with a last trade of $42.25.
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