UTG Makes Notable Cross Below Critical Moving Average
In trading on Thursday, shares of Reaves Utility Income Fund (Symbol: UTG) crossed below their 200 day moving average of $36.01, changing hands as low as $36.00 per share. Reaves Utility Income Fund shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of UTG shares, versus its 200 day moving average:
Looking at the chart above, UTG's low point in its 52 week range is $27.55 per share, with $41.939 as the 52 week high point — that compares with a last trade of $36.05.
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