PSL Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of the PowerShares DWA Consumer Staples Momentum Portfolio ETF ( PSL) crossed below their 200 day moving average of $42.68, changing hands as low as $42.25 per share. PowerShares DWA Consumer Staples Momentum Portfolio shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of PSL shares, versus its 200 day moving average:

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PowerShares DWA Consumer Staples Momentum Portfolio 200 Day Moving Average Chart

Looking at the chart above, PSL's low point in its 52 week range is $38.24 per share, with $45.11 as the 52 week high point — that compares with a last trade of $42.25.

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