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Sinopec Shanghai Petrochemical Breaks Below 200-Day Moving Average - Notable for SHI

In trading on Tuesday, shares of Sinopec Shanghai Petrochemical Co., Ltd. (Symbol: SHI) crossed below their 200 day moving average of $38.17, changing hands as low as $38.11 per share. Sinopec Shanghai Petrochemical Co., Ltd. shares are currently trading down about 13.7% on the day. The chart below shows the one year performance of SHI shares, versus its 200 day moving average:

Sinopec Shanghai Petrochemical Co., Ltd. 200 Day Moving Average Chart

Looking at the chart above, SHI's low point in its 52 week range is $28.21 per share, with $67.80 as the 52 week high point - that compares with a last trade of $38.21.

According to the ETF Finder at ETF Channel, SHI makes up 1.91% of the Vanguard FTSE Emerging Markets ETF (Symbol: VWO) which is trading lower by about 3.2% on the day Tuesday.

Click here to find out which 9 other energy 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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