Telecom GEMS Breaks Above 200-Day Moving Average - Bullish For TGEM

In trading on Wednesday, shares of the Telecom GEMS ETF ( TGEM) crossed above their 200 day moving average of $19.74, changing hands as high as $19.80 per share. Telecom GEMS shares are currently trading up about 1.9% 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 $17.61 per share, with $21.06 as the 52 week high point — that compares with a last trade of $19.80.
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