PRGS Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of Progress Software Corp. (PRGS) crossed below their 200 day moving average of $21.72, changing hands as low as $21.69 per share. Progress Software Corp. shares are currently trading off about 3.6% on the day. The chart below shows the one year performance of PRGS shares, versus its 200 day moving average:

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Progress Software Corp. 200 Day Moving Average Chart

Looking at the chart above, PRGS's low point in its 52 week range is $17.45 per share, with $24.50 as the 52 week high point — that compares with a last trade of $21.73.

According to the ETF Finder at ETF Channel, PRGS makes up 1.25% of the S&P SmallCap Information Technology Portfolio ETF ( PSCT) which is trading lower by about 5.8% on the day Thursday.

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