CATY Makes Notable Cross Below Critical Moving Average

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In trading on Thursday, shares of Cathay General Bancorp (Symbol: CATY) crossed below their 200 day moving average of $24.44, changing hands as low as $24.43 per share. Cathay General Bancorp shares are currently trading down about 3.3% on the day. The chart below shows the one year performance of CATY shares, versus its 200 day moving average: Cathay General Bancorp 200 Day Moving Average Chart

Looking at the chart above, CATY's low point in its 52 week range is $17.87 per share, with $27.94 as the 52 week high point - that compares with a last trade of $24.64.

According to the ETF Finder at ETF Channel, CATY makes up 1.69% of the Guggenheim S&P MidCap 400 Pure Growth ETF (Symbol: RFG) which is trading lower by about 2.6% on the day Thursday.

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



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: CATY , RFG

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