PSAU Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of the PowerShares Global Gold and Precious Metals Portfolio ETF ( PSAU) crossed below their 200 day moving average of $20.89, changing hands as low as $20.83 per share. PowerShares Global Gold and Precious Metals Portfolio shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of PSAU shares, versus its 200 day moving average:

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PowerShares Global Gold and Precious Metals Portfolio 200 Day Moving Average Chart

Looking at the chart above, PSAU's low point in its 52 week range is $17.54 per share, with $24.62 as the 52 week high point — that compares with a last trade of $21.04.

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