ALG Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Alamo Group, Inc. ( ALG) crossed below their 200 day moving average of $47.32, changing hands as low as $46.87 per share. Alamo Group, Inc. shares are currently trading off about 5.5% on the day. The chart below shows the one year performance of ALG shares, versus its 200 day moving average:

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Alamo Group, Inc. 200 Day Moving Average Chart

Looking at the chart above, ALG's low point in its 52 week range is $33.76 per share, with $61.27 as the 52 week high point — that compares with a last trade of $47.39.

According to the ETF Finder at ETF Channel, ALG makes up 1.19% of the Dynamic Industrials Sector Portfolio ETF ( PRN) which is trading lower by about 3.4% on the day Monday.

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