VMI Makes Notable Cross Below Critical Moving Average

In trading on Tuesday, shares of Valmont Industries, Inc. ( VMI) crossed below their 200 day moving average of $143.37, changing hands as low as $143.06 per share. Valmont Industries, Inc. shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of VMI shares, versus its 200 day moving average:

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Valmont Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, VMI's low point in its 52 week range is $119.23 per share, with $164.93 as the 52 week high point — that compares with a last trade of $143.65.

According to the ETF Finder at ETF Channel, VMI makes up 3.86% of the Water Resources Portfolio ETF ( PHO) which is trading lower by about 1% on the day Tuesday.
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