In trading on Thursday, shares of POSCO (Symbol: PKX) crossed below their 200 day moving average of $73.76, changing hands as low as $72.82 per share. POSCO shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of PKX shares, versus its 200 day moving average:
Looking at the chart above, PKX's low point in its 52 week range is $63.71 per share, with $86.99 as the 52 week high point - that compares with a last trade of $73.62.
According to the ETF Finder at ETF Channel, PKX makes up 6.90% of the Steel ETF (Symbol: SLX) which is trading higher by about 1.1% on the day Thursday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.