TGEM Crosses Below Key Moving Average Level

In trading on Tuesday, shares of the Telecom GEMS ETF ( TGEM) crossed below their 200 day moving average of $20.09, changing hands as low as $19.25 per share. Telecom GEMS shares are currently trading down about 6.5% on the day. The chart below shows the one year performance of TGEM shares, versus its 200 day moving average:

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Telecom GEMS 200 Day Moving Average Chart

Looking at the chart above, TGEM's low point in its 52 week range is $17.57 per share, with $21.06 as the 52 week high point — that compares with a last trade of $19.28.

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