ABMD Makes Notable Cross Below Critical Moving Average

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In trading on Thursday, shares of ABIOMED, Inc. (Symbol: ABMD) crossed below their 200 day moving average of $107.55, changing hands as low as $106.59 per share. ABIOMED, Inc. shares are currently trading down about 4.3% on the day. The chart below shows the one year performance of ABMD shares, versus its 200 day moving average: ABIOMED, Inc. 200 Day Moving Average Chart

Looking at the chart above, ABMD's low point in its 52 week range is $67.81 per share, with $132.95 as the 52 week high point - that compares with a last trade of $107.39.

According to the ETF Finder at ETF Channel, ABMD makes up 4.32% of the PowerShares DWA Healthcare Momentum Portfolio ETF (Symbol: PTH) which is trading lower by about 2.4% on the day Thursday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: ABMD , PTH

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