PowerShares DWA Industrials Momentum Portfolio Breaks Above 200-Day Moving Average - Bullish for PRN

In trading on Friday, shares of the PowerShares DWA Industrials Momentum Portfolio ETF ( PRN) crossed above their 200 day moving average of $46.75, changing hands as high as $46.84 per share. PowerShares DWA Industrials Momentum Portfolio shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of PRN shares, versus its 200 day moving average:

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PowerShares DWA Industrials Momentum Portfolio 200 Day Moving Average Chart

Looking at the chart above, PRN's low point in its 52 week range is $39.53 per share, with $49.71 as the 52 week high point — that compares with a last trade of $46.71.

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