Emulex Breaks Above 200-Day Moving Average - Bullish for ELX

In trading on Monday, shares of Emulex Corporation (ELX) crossed above their 200 day moving average of $5.73, changing hands as high as $5.77 per share. Emulex Corporation shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of ELX shares, versus its 200 day moving average:

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Emulex Corporation 200 Day Moving Average Chart

Looking at the chart above, ELX's low point in its 52 week range is $4.45 per share, with $7.74 as the 52 week high point — that compares with a last trade of $5.74.

According to the ETF Finder at ETF Channel, ELX makes up 1.20% of the SPDR S&P Telecom ETF ( XTL) which is trading higher by about 0.9% on the day Monday.

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