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:

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

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.

If you liked this article you might like

Financials Trade Close to Flat as Investors Await Clarity From the Fed

5 Alarming Events From Tuesday's Stock Market Rout

North Korea Gives Wall Street Rude Awakening After Labor Day Break

Dow Tanks, Fear Gauge Spikes as United Tech Slumps, North Korea Rattles Nerves