RAIT Financial Trust Breaks Below 200-Day Moving Average - Notable for RAS

In trading on Wednesday, shares of RAIT Financial Trust (RAS) crossed below their 200 day moving average of $7.85, changing hands as low as $7.84 per share. RAIT Financial Trust shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of RAS shares, versus its 200 day moving average:

START SLIDESHOW:
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »

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 $7.85.

According to the ETF Finder at ETF Channel, RAS makes up 1.24% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.3% on the day Wednesday.

More from Stocks

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes