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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