MGRC Crosses Below Key Moving Average Level

In trading on Wednesday, shares of McGrath RentCorp (MGRC) crossed below their 200 day moving average of $35.75, changing hands as low as $35.74 per share. McGrath RentCorp shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of MGRC shares, versus its 200 day moving average:

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McGrath RentCorp 200 Day Moving Average Chart

Looking at the chart above, MGRC's low point in its 52 week range is $29.02 per share, with $40.10 as the 52 week high point — that compares with a last trade of $35.77.

According to the ETF Finder at ETF Channel, MGRC makes up 1.71% of the PowerShares High Yield Equity Dividend Achievers Portfolio ETF ( PEY) which is trading lower by about 0.3% on the day Wednesday.

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