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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