PMCS Makes Notable Cross Below Critical Moving Average

In trading on Tuesday, shares of PMC-Sierra Inc. (PMCS) crossed below their 200 day moving average of $8.28, changing hands as low as $8.27 per share. PMC-Sierra Inc. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of PMCS shares, versus its 200 day moving average:

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PMC-Sierra Inc. 200 Day Moving Average Chart

Looking at the chart above, PMCS's low point in its 52 week range is $6.52 per share, with $9.86 as the 52 week high point — that compares with a last trade of $8.29.

According to the ETF Finder at ETF Channel, PMCS makes up 2.39% of the PowerShares Dynamic Semiconductors Portfolio ETF ( PSI) which is trading relatively unchanged on the day Tuesday.

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