PDL BioPharma (PDLI) Shares Cross Below 200 DMA

In trading on Wednesday, shares of PDL BioPharma Inc (PDLI) crossed below their 200 day moving average of $8.22, changing hands as low as $7.87 per share. PDL BioPharma Inc shares are currently trading off about 5.7% on the day. The chart below shows the one year performance of PDLI shares, versus its 200 day moving average:

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PDL BioPharma Inc 200 Day Moving Average Chart

Looking at the chart above, PDLI's low point in its 52 week range is $6.76 per share, with $10.205 as the 52 week high point — that compares with a last trade of $7.92.

According to the ETF Finder at ETF Channel, PDLI makes up 2.16% of the SuperDividend U.S. ETF ( DIV) which is trading lower by about 1% on the day Wednesday.

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