RAS Crosses Above Key Moving Average Level

In trading on Monday, shares of RAIT Financial Trust (RAS) crossed above their 200 day moving average of $7.21, changing hands as high as $7.22 per share. RAIT Financial Trust shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of RAS shares, versus its 200 day moving average:

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RAIT Financial Trust 200 Day Moving Average Chart

Looking at the chart above, RAS's low point in its 52 week range is $4.92 per share, with $8.85 as the 52 week high point — that compares with a last trade of $7.13.

According to the ETF Finder at ETF Channel, RAS makes up 1.16% of the Mortgage REIT Income ETF ( MORT) which is trading higher by about 1.4% on the day Monday.

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