PFM Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of the PowerShares Dividend Achievers Portfolio ETF ( PFM) crossed below their 200 day moving average of $21.36, changing hands as low as $21.35 per share. PowerShares Dividend Achievers Portfolio shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of PFM shares, versus its 200 day moving average:

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PowerShares Dividend Achievers Portfolio 200 Day Moving Average Chart

Looking at the chart above, PFM's low point in its 52 week range is $19.23 per share, with $22.08 as the 52 week high point — that compares with a last trade of $21.40.

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