ERII Crosses Below Key Moving Average Level

In trading on Tuesday, shares of Energy Recovery Inc ( ERII) crossed below their 200 day moving average of $4.66, changing hands as low as $4.63 per share. Energy Recovery Inc shares are currently trading off about 3.7% on the day. The chart below shows the one year performance of ERII shares, versus its 200 day moving average:

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Energy Recovery Inc 200 Day Moving Average Chart

Looking at the chart above, ERII's low point in its 52 week range is $2.40 per share, with $7.75 as the 52 week high point — that compares with a last trade of $4.67.

According to the ETF Finder at ETF Channel, ERII makes up 3.20% of the First Trust ISE Water Index Fund ETF ( FIW) which is trading lower by about 0.3% on the day Tuesday.
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