GNMA Makes Bullish Cross Above Critical Moving Average

In trading on Tuesday, shares of the iShares GNMA Bond ETF (GNMA) crossed above their 200 day moving average of $49.01, changing hands as high as $49.33 per share. iShares GNMA Bond shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of GNMA shares, versus its 200 day moving average:

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iShares GNMA Bond 200 Day Moving Average Chart

Looking at the chart above, GNMA's low point in its 52 week range is $46.79 per share, with $51.09 as the 52 week high point — that compares with a last trade of $49.33.

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