PowerShares Preferred Portfolio (PGX) Shares Cross Below 200 DMA

In trading on Wednesday, shares of the PowerShares Preferred Portfolio ETF (PGX) crossed below their 200 day moving average of $14.66, changing hands as low as $14.63 per share. PowerShares Preferred Portfolio shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of PGX shares, versus its 200 day moving average:

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PowerShares Preferred Portfolio 200 Day Moving Average Chart

Looking at the chart above, PGX's low point in its 52 week range is $14.28 per share, with $14.95 as the 52 week high point — that compares with a last trade of $14.64.

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