EMCD Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) crossed below their 200 day moving average of $30.15, changing hands as low as $29.56 per share. SPDR BofA Merrill Lynch Emerging Markets Corporate Bond shares are currently trading off about 2.1% on the day. The chart below shows the one year performance of EMCD shares, versus its 200 day moving average:

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SPDR BofA Merrill Lynch Emerging Markets Corporate Bond 200 Day Moving Average Chart

Looking at the chart above, EMCD's low point in its 52 week range is $28.87 per share, with $32.15 as the 52 week high point — that compares with a last trade of $29.89.

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