IYZ Crosses Below Key Moving Average Level

In trading on Tuesday, shares of the iShares U.S. Telecommunications ETF (IYZ) crossed below their 200 day moving average of $31.16, changing hands as low as $31.00 per share. iShares U.S. Telecommunications shares are currently trading off about 1.1% on the day. The chart below shows the one year performance of IYZ shares, versus its 200 day moving average:

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iShares U.S. Telecommunications 200 Day Moving Average Chart

Looking at the chart above, IYZ's low point in its 52 week range is $24.65 per share, with $34.91 as the 52 week high point — that compares with a last trade of $31.01.

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