BIP Crosses Below Key Moving Average Level

In trading on Wednesday, shares of Brookfield Infrastructure Partners L.P. ( BIP) crossed below their 200 day moving average of $37.40, changing hands as low as $37.39 per share. Brookfield Infrastructure Partners L.P. shares are currently trading off about 1% on the day. The chart below shows the one year performance of BIP shares, versus its 200 day moving average:

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Brookfield Infrastructure Partners L.P. 200 Day Moving Average Chart

Looking at the chart above, BIP's low point in its 52 week range is $34.01 per share, with $41.50 as the 52 week high point — that compares with a last trade of $37.44.

According to the ETF Finder at ETF Channel, BIP makes up 5.19% of the Guggenheim Spin-Off ETF ( CSD) which is trading lower by about 0.6% on the day Wednesday.

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