John Hancock Financial Opportunities Fund Breaks Above 200-Day Moving Average - Bullish for BTO

In trading on Thursday, shares of John Hancock Financial Opportunities Fund (BTO) crossed above their 200 day moving average of $25.68, changing hands as high as $25.70 per share. John Hancock Financial Opportunities Fund shares are currently trading up about 1% on the day. The chart below shows the one year performance of BTO shares, versus its 200 day moving average:

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John Hancock Financial Opportunities Fund 200 Day Moving Average Chart

Looking at the chart above, BTO's low point in its 52 week range is $19.52 per share, with $29.44 as the 52 week high point — that compares with a last trade of $25.70.

According to the ETF Finder at ETF Channel, BTO makes up 1.36% of the PowerShares Global Gold and Precious Metals Portfolio ETF ( PSAU) which is trading higher by about 1.5% on the day Thursday.

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