FBT Makes Notable Cross Below Critical Moving Average

In trading on Thursday, shares of the First Trust NYSE Arca Biotechnology Index Fund ETF ( FBT) crossed below their 200 day moving average of $93.30, changing hands as low as $92.36 per share. First Trust NYSE Arca Biotechnology Index Fund shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of FBT shares, versus its 200 day moving average:

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First Trust NYSE Arca Biotechnology Index Fund 200 Day Moving Average Chart

Looking at the chart above, FBT's low point in its 52 week range is $76.11 per share, with $114.91 as the 52 week high point — that compares with a last trade of $92.58.

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