RAS Crosses Above Key Moving Average Level

In trading on Thursday, shares of RAIT Financial Trust (RAS) crossed above their 200 day moving average of $7.41, changing hands as high as $7.48 per share. RAIT Financial Trust shares are currently trading up about 1.1% 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 $5.01 per share, with $8.85 as the 52 week high point — that compares with a last trade of $7.23.

According to the ETF Finder at ETF Channel, RAS makes up 1.04% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.1% on the day Thursday.

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