RAS Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of RAIT Financial Trust ( RAS) crossed below their 200 day moving average of $7.77, changing hands as low as $7.74 per share. RAIT Financial Trust shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of RAS shares, versus its 200 day moving average:

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RAIT Financial Trust 200 Day Moving Average Chart

Looking at the chart above, RAS's low point in its 52 week range is $6.16 per share, with $9.21 as the 52 week high point — that compares with a last trade of $7.82.

According to the ETF Finder at ETF Channel, RAS makes up 1.28% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.2% on the day Friday.

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