XTL Crosses Below Key Moving Average Level

In trading on Friday, shares of the SPDR S&P Telecom ETF ( XTL) crossed below their 200 day moving average of $55.18, changing hands as low as $54.85 per share. SPDR S&P Telecom shares are currently trading down about 1.3% on the day. The chart below shows the one year performance of XTL shares, versus its 200 day moving average:

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SPDR S&P Telecom 200 Day Moving Average Chart

Looking at the chart above, XTL's low point in its 52 week range is $49.53 per share, with $60.85 as the 52 week high point — that compares with a last trade of $55.07.

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