MXI Crosses Below Key Moving Average Level

In trading on Monday, shares of the iShares Global Materials ETF (MXI) crossed below their 200 day moving average of $58.70, changing hands as low as $58.63 per share. iShares Global Materials shares are currently trading off about 0.6% on the day. The chart below shows the one year performance of MXI shares, versus its 200 day moving average:

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iShares Global Materials 200 Day Moving Average Chart

Looking at the chart above, MXI's low point in its 52 week range is $53.45 per share, with $66.14 as the 52 week high point — that compares with a last trade of $58.63.

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