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Bearish Two Hundred Day Moving Average Cross - BRAF

By Market News Video Staff, Monday, May 16, 1:32 PM ET
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In trading on Monday, shares of Global X Funds - Global X Gold Explorers ETF (AMEX:BRAF) crossed below their 200 day moving average of $16.80, changing hands as low as $16.74 per share. Global X Funds - Global X Gold Explorers ETF shares are currently trading down about 1.3% on the day. The chart below shows the one year performance of BRAF shares, versus its 200 day moving average:

Global X Funds - Global X Gold Explorers ETF 200 Day Moving Average Chart

Looking at the chart above, BRAF's low point in its 52 week range is $14.89 per share, with $19.18 as the 52 week high point — that compares with a last trade of $16.75.

BRAF operates in the Oil & Gas Equipment & Services sector, among companies like Enbridge Energy Partners, L.P. (NYSE:EEP) which is off about 0.2% today, and El Paso Pipeline Partners LP (NYSE:EPB) trading higher by about 0.7%. Below is a three month price history chart comparing the stock performance of BRAF, versus EEP and EPB.

BRAF,EEP,EPB Relative Performance Chart


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This Article's Word Cloud:   Average   BRAF   Below   Explorers   Funds   Global   Gold   Investment   Moving   NYSE   Partners   Pipeline   Portfolio   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   completely   countries   currently   designed   growth   hands   history   leads   moving   operates   performance   point   portfolio   price   program   range   raquo   share   shares   short   stocks   terms   trading   versus   week   with
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