PSJ Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of the PowerShares Dynamic Software Portfolio ETF ( PSJ) crossed below their 200 day moving average of $35.45, changing hands as low as $35.43 per share. PowerShares Dynamic Software Portfolio shares are currently trading down about 0.2% on the day. The chart below shows the one year performance of PSJ shares, versus its 200 day moving average:

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PowerShares Dynamic Software Portfolio 200 Day Moving Average Chart

Looking at the chart above, PSJ's low point in its 52 week range is $31.62 per share, with $38.32 as the 52 week high point — that compares with a last trade of $35.49.

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