Bullish Two Hundred Day Moving Average Cross - PMT

In trading on Tuesday, shares of Pennymac Mortgage Investment Trust (PMT) crossed above their 200 day moving average of $22.17, changing hands as high as $22.29 per share. Pennymac Mortgage Investment Trust shares are currently trading up about 2.7% on the day. The chart below shows the one year performance of PMT shares, versus its 200 day moving average:

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Pennymac Mortgage Investment Trust 200 Day Moving Average Chart

Looking at the chart above, PMT's low point in its 52 week range is $18.91 per share, with $24.48 as the 52 week high point — that compares with a last trade of $22.25.

According to the ETF Finder at ETF Channel, PMT makes up 3.21% of the Mortgage REIT Income ETF ( MORT) which is trading higher by about 0.4% on the day Tuesday.

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