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Bearish Two Hundred Day Moving Average Cross - PPT

By Market News Video Staff, Tuesday, May 24, 4:18 PM ET
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In trading on Tuesday, shares of Putnam Premier Income Trust (NYSE:PPT) crossed below their 200 day moving average of $6.57, changing hands as low as $6.55 per share. Putnam Premier Income Trust shares are currently trading trading flat on the day. The chart below shows the one year performance of PPT shares, versus its 200 day moving average:

Putnam Premier Income Trust 200 Day Moving Average Chart

Looking at the chart above, PPT's low point in its 52 week range is $5.63 per share, with $6.98 as the 52 week high point — that compares with a last trade of $6.61.

According to the ETF Finder at ETF Channel, PPT makes up 1.01% of the CEF Income Composite Portfolio ETF (AMEX:PCEF) which is trading higher by about 0.2% on the day Tuesday.

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     See what other stocks are held by PCEF »


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