PGF Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the PowerShares Financial Preferred Portfolio ETF (PGF) crossed below their 200 day moving average of $18.03, changing hands as low as $18.02 per share. PowerShares Financial Preferred Portfolio shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of PGF shares, versus its 200 day moving average:

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PowerShares Financial Preferred Portfolio 200 Day Moving Average Chart

Looking at the chart above, PGF's low point in its 52 week range is $16.81 per share, with $18.32 as the 52 week high point — that compares with a last trade of $18.02.

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