PBE Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF ( PBE) crossed above their 200 day moving average of $39.38, changing hands as high as $42.07 per share. PowerShares Dynamic Biotechnology & Genome Portfolio shares are currently trading up about 6% on the day. The chart below shows the one year performance of PBE shares, versus its 200 day moving average:

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PowerShares Dynamic Biotechnology & Genome Portfolio 200 Day Moving Average Chart

Looking at the chart above, PBE's low point in its 52 week range is $34.02 per share, with $52.03 as the 52 week high point — that compares with a last trade of $40.71.

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