ORIT Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Oritani Financial Corp (ORIT) crossed below their 200 day moving average of $15.94, changing hands as low as $15.82 per share. Oritani Financial Corp shares are currently trading off about 2% on the day. The chart below shows the one year performance of ORIT shares, versus its 200 day moving average:

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Oritani Financial Corp  200 Day Moving Average Chart

Looking at the chart above, ORIT's low point in its 52 week range is $14.50 per share, with $16.90 as the 52 week high point — that compares with a last trade of $15.82.

According to the ETF Finder at ETF Channel, ORIT makes up 1.73% of the PowerShares KBW High Dividend Yield Financial Portfolio ETF ( KBWD) which is trading lower by about 1.1% on the day Wednesday.

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