HSBC Crosses Below Key Moving Average Level

In trading on Thursday, shares of HSBC Holdings plc ( HSBC) crossed below their 200 day moving average of $52.54, changing hands as low as $52.53 per share. HSBC Holdings plc shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of HSBC shares, versus its 200 day moving average:

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HSBC Holdings plc 200 Day Moving Average Chart

Looking at the chart above, HSBC's low point in its 52 week range is $48.86 per share, with $56.79 as the 52 week high point — that compares with a last trade of $52.53.

According to the ETF Finder at ETF Channel, HSBC makes up 8.32% of the Bank and Brokerage ETF ( RKH) which is trading lower by about 1.1% on the day Thursday.

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