IEO Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of the iShares U.S. Oil & Gas Exploration & Production ETF ( IEO) crossed below their 200 day moving average of $88.32, changing hands as low as $87.01 per share. iShares U.S. Oil & Gas Exploration & Production shares are currently trading off about 1.2% on the day. The chart below shows the one year performance of IEO shares, versus its 200 day moving average:

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iShares U.S. Oil & Gas Exploration & Production 200 Day Moving Average Chart

Looking at the chart above, IEO's low point in its 52 week range is $76.88 per share, with $99.88 as the 52 week high point — that compares with a last trade of $87.58.

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