ELX Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of Emulex Corporation (ELX) crossed below their 200 day moving average of $7.35, changing hands as low as $7.23 per share. Emulex Corporation shares are currently trading down about 0.9% on the day. The chart below shows the one year performance of ELX shares, versus its 200 day moving average:

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Emulex Corporation 200 Day Moving Average Chart

Looking at the chart above, ELX's low point in its 52 week range is $5.72 per share, with $8.99 as the 52 week high point — that compares with a last trade of $7.30.

According to the ETF Finder at ETF Channel, ELX makes up 2.40% of the Dynamic Networking Portfolio ETF ( PXQ) which is trading lower by about 1.3% on the day Friday.

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