DMND Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Diamond Foods Inc (DMND) crossed below their 200 day moving average of $26.89, changing hands as low as $26.66 per share. Diamond Foods Inc shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of DMND shares, versus its 200 day moving average:

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Diamond Foods Inc 200 Day Moving Average Chart

Looking at the chart above, DMND's low point in its 52 week range is $18.43 per share, with $35.35 as the 52 week high point — that compares with a last trade of $26.99.

According to the ETF Finder at ETF Channel, DMND makes up 2.33% of the PowerShares Dynamic Food & Beverage Portfolio ETF ( PBJ) which is trading lower by about 0.3% on the day Wednesday.

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