Ocwen Financial Breaks Below 200-Day Moving Average - Notable for OCN

In trading on Wednesday, shares of Ocwen Financial Corp. ( OCN) crossed below their 200 day moving average of $49.12, changing hands as low as $48.81 per share. Ocwen Financial Corp. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of OCN shares, versus its 200 day moving average:

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Ocwen Financial Corp. 200 Day Moving Average Chart

Looking at the chart above, OCN's low point in its 52 week range is $34.10 per share, with $60.18 as the 52 week high point — that compares with a last trade of $49.12.

According to the ETF Finder at ETF Channel, OCN makes up 1.89% of the SPDR S&P Mortgage Finance ETF ( KME) which is trading up by about 1% on the day Wednesday.

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