MB Financial Breaks Above 200-Day Moving Average - Bullish for MBFI
In trading on Tuesday, shares of MB Financial Inc (Symbol: MBFI) crossed above their 200 day moving average of $43.25, changing hands as high as $43.53 per share. MB Financial Inc shares are currently trading up about 2.3% on the day. The chart below shows the one year performance of MBFI shares, versus its 200 day moving average:
Looking at the chart above, MBFI's low point in its 52 week range is $38.285 per share, with $47.64 as the 52 week high point - that compares with a last trade of $43.47.
According to the ETF Finder at ETF Channel, MBFI makes up 1.79% of the PowerShares KBW Regional Banking Portfolio ETF (Symbol: KBWR) which is trading up by about 1.4% on the day Tuesday.