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Bullish Two Hundred Day Moving Average Cross - PDLI
By: BNK Invest
In trading on Wednesday, shares of PDL BioPharma Inc (Symbol: PDLI) crossed above their 200 day moving average of $8.33, changing hands as high as $8.34 per share. PDL BioPharma Inc shares are currently trading up about 1.7% on the day. The chart below shows the one year performance of PDLI shares, versus its 200 day moving average:
Looking at the chart above, PDLI's low point in its 52 week range is $7.31 per share, with $10.21 as the 52 week high point - that compares with a last trade of $8.30.
According to the ETF Finder at ETF Channel, PDLI makes up 3.08% of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF (Symbol: PBE) which is trading higher by about 1.6% on the day Wednesday.