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PNW Makes Notable Cross Below Critical Moving Average
By: BNK Invest
In trading on Wednesday, shares of Pinnacle West Capital Corp. (Symbol: PNW) crossed below their 200 day moving average of $54.95, changing hands as low as $54.06 per share. Pinnacle West Capital Corp. shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of PNW shares, versus its 200 day moving average:
Looking at the chart above, PNW's low point in its 52 week range is $51.15 per share, with $61.89 as the 52 week high point - that compares with a last trade of $54.25.
According to the ETF Finder at ETF Channel, PNW makes up 2.90% of the First Trust Utilities AlphaDEX Fund ETF (Symbol: FXU) which is trading lower by about 1.3% on the day Wednesday.