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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