PSK Crosses Above Key Moving Average Level

In trading on Tuesday, shares of the SPDR Wells Fargo Preferred Stock ETF ( PSK) crossed above their 200 day moving average of $42.09, changing hands as high as $43.32 per share. SPDR Wells Fargo Preferred Stock shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of PSK shares, versus its 200 day moving average:

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SPDR Wells Fargo Preferred Stock 200 Day Moving Average Chart

Looking at the chart above, PSK's low point in its 52 week range is $39.12 per share, with $46.63 as the 52 week high point — that compares with a last trade of $41.65.

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