EE Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of El Paso Electric Company ( EE) crossed below their 200 day moving average of $35.48, changing hands as low as $35.11 per share. El Paso Electric Company shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of EE shares, versus its 200 day moving average:

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El Paso Electric Company 200 Day Moving Average Chart

Looking at the chart above, EE's low point in its 52 week range is $32.26 per share, with $39.12 as the 52 week high point — that compares with a last trade of $35.07.

According to the ETF Finder at ETF Channel, EE makes up 4.50% of the S&P SmallCap Utilities Portfolio ETF ( PSCU) which is trading lower by about 0.3% on the day Wednesday.

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