INDY Makes Notable Cross Below Critical Moving Average

In trading on Tuesday, shares of the iShares India 50 ETF (INDY) crossed below their 200 day moving average of $28.76, changing hands as low as $28.52 per share. iShares India 50 shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of INDY shares, versus its 200 day moving average:

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iShares India 50 200 Day Moving Average Chart

Looking at the chart above, INDY's low point in its 52 week range is $21.50 per share, with $32.02 as the 52 week high point — that compares with a last trade of $28.71.

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