PowerShares International Corporate Bond Portfolio (PICB) Shares Cross Below 200 DMA

In trading on Wednesday, shares of the PowerShares International Corporate Bond Portfolio ETF (PICB) crossed below their 200 day moving average of $29.95, changing hands as low as $29.91 per share. PowerShares International Corporate Bond Portfolio shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of PICB shares, versus its 200 day moving average:

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PowerShares International Corporate Bond Portfolio 200 Day Moving Average Chart

Looking at the chart above, PICB's low point in its 52 week range is $27.72 per share, with $30.91 as the 52 week high point — that compares with a last trade of $29.91.

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