IGS Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the Proshares Short Investment Grade Corporate ETF (IGS) crossed below their 200 day moving average of $32.34, changing hands as low as $32.20 per share. Proshares Short Investment Grade Corporate shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of IGS shares, versus its 200 day moving average:

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Proshares Short Investment Grade Corporate 200 Day Moving Average Chart

Looking at the chart above, IGS's low point in its 52 week range is $30.98 per share, with $35.02 as the 52 week high point — that compares with a last trade of $32.55.

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