In trading on Thursday, shares of ResMed Inc. (Symbol: RMD) crossed below their 200 day moving average of $55.70, changing hands as low as $55.60 per share. ResMed Inc. shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of RMD shares, versus its 200 day moving average:
Looking at the chart above, RMD's low point in its 52 week range is $48.99 per share, with $75.33 as the 52 week high point - that compares with a last trade of $55.84.
According to the ETF Finder at ETF Channel, RMD makes up 1.93% of the iShares U.S. Medical Devices ETF (Symbol: IHI) which is trading lower by about 0.3% 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.