BRCD Makes Notable Cross Below Critical Moving Average

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In trading on Monday, shares of Brocade Communications Systems, Inc. (Symbol: BRCD) crossed below their 200 day moving average of $8.66, changing hands as low as $8.60 per share. Brocade Communications Systems, Inc. shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of BRCD shares, versus its 200 day moving average: Brocade Communications Systems, Inc. 200 Day Moving Average Chart

Looking at the chart above, BRCD's low point in its 52 week range is $5.23 per share, with $10.96 as the 52 week high point - that compares with a last trade of $8.72.

According to the ETF Finder at ETF Channel, BRCD makes up 4.16% of the iShares North American Tech-Multimedia Networking ETF (Symbol: IGN) which is trading lower by about 0.1% on the day Monday.

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 The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: BRCD , IGN

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