TREE Makes Notable Cross Below Critical Moving Average

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In trading on Thursday, shares of LendingTree Inc (Symbol: TREE) crossed below their 200 day moving average of $291.74, changing hands as low as $265.00 per share. LendingTree Inc shares are currently trading off about 13.5% on the day. The chart below shows the one year performance of TREE shares, versus its 200 day moving average: LendingTree Inc 200 Day Moving Average Chart

Looking at the chart above, TREE's low point in its 52 week range is $131.95 per share, with $404.40 as the 52 week high point - that compares with a last trade of $264.82.

According to the ETF Finder at ETF Channel, TREE makes up 2.77% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Thursday.

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 Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: TREE , PFI

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