VRP Makes Notable Cross Below Critical Moving Average
In trading on Thursday, shares of the Invesco Variable Rate Preferred ETF (Symbol: VRP) crossed below their 200 day moving average of $22.48, changing hands as low as $22.41 per share. Invesco Variable Rate Preferred shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of VRP shares, versus its 200 day moving average:
Looking at the chart above, VRP's low point in its 52 week range is $20.875 per share, with $23.73 as the 52 week high point — that compares with a last trade of $22.50.
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