PowerShares Preferred Portfolio Breaks Above 200-Day Moving Average - Bullish for PGX

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In trading on Monday, shares of the PowerShares Preferred Portfolio ETF (Symbol: PGX) crossed above their 200 day moving average of $14.85, changing hands as high as $14.87 per share. PowerShares Preferred Portfolio shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of PGX shares, versus its 200 day moving average: PowerShares Preferred Portfolio 200 Day Moving Average Chart

Looking at the chart above, PGX's low point in its 52 week range is $13.96 per share, with $15.50 as the 52 week high point - that compares with a last trade of $14.85.

Click here to find out which 9 other ETFs recently crossed above 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 , ETFs
Referenced Symbols: PGX

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