SPRD Crosses Below Key Moving Average Level

In trading on Monday, shares of Spreadtrum Communications Inc ( SPRD) crossed below their 200 day moving average of $18.90, changing hands as low as $18.36 per share. Spreadtrum Communications Inc shares are currently trading off about 4.8% on the day. The chart below shows the one year performance of SPRD shares, versus its 200 day moving average:

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Spreadtrum Communications Inc 200 Day Moving Average Chart

Looking at the chart above, SPRD's low point in its 52 week range is $14.50 per share, with $23.20 as the 52 week high point — that compares with a last trade of $18.44.

According to the ETF Finder at ETF Channel, SPRD makes up 3.99% of the NASDAQ China Technology ETF ( QQQC) which is trading up by about 2.2% on the day Monday.
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