PBS Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of the PowerShares Dynamic Media Portfolio ETF ( PBS) crossed above their 200 day moving average of $24.58, changing hands as high as $24.63 per share. PowerShares Dynamic Media Portfolio shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of PBS shares, versus its 200 day moving average:

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PowerShares Dynamic Media Portfolio 200 Day Moving Average Chart

Looking at the chart above, PBS's low point in its 52 week range is $20.20 per share, with $26.89 as the 52 week high point — that compares with a last trade of $24.63.

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