MBI Crosses Below Key Moving Average Level

In trading on Monday, shares of MBIA Inc. ( MBI) crossed below their 200 day moving average of $9.87, changing hands as low as $9.76 per share. MBIA Inc. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of MBI shares, versus its 200 day moving average:

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MBIA Inc. 200 Day Moving Average Chart

Looking at the chart above, MBI's low point in its 52 week range is $6.78 per share, with $13.70 as the 52 week high point — that compares with a last trade of $9.96.

According to the ETF Finder at ETF Channel, MBI makes up 2.36% of the KBW Insurance Portfolio ETF ( KBWI) which is trading lower by about 0.5% on the day Monday.
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