PHB Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of the PowerShares Fundamental High Yield Corporate Bond Portfolio ETF ( PHB) crossed above their 200 day moving average of $19.37, changing hands as high as $19.42 per share. PowerShares Fundamental High Yield Corporate Bond Portfolio shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of PHB shares, versus its 200 day moving average:

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PowerShares Fundamental High Yield Corporate Bond Portfolio 200 Day Moving Average Chart

Looking at the chart above, PHB's low point in its 52 week range is $18.51 per share, with $19.63 as the 52 week high point — that compares with a last trade of $19.38.

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