Markets

CATY Crosses Below Key Moving Average Level

In trading on Friday, shares of Cathay General Bancorp (Symbol: CATY) crossed below their 200 day moving average of $28.87, changing hands as low as $28.29 per share. Cathay General Bancorp shares are currently trading off about 4.2% 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 $22.90 per share, with $34.75 as the 52 week high point - that compares with a last trade of $28.67.

According to the ETF Finder at ETF Channel, CATY makes up 1.98% of the PowerShares KBW Regional Banking Portfolio ETF (Symbol: KBWR) which is trading lower by about 4.2% on the day Friday.

Click here to find out which 9 other dividend 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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