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LAZ Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Tuesday, May 17, 11:27 AM ET
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In trading on Tuesday, shares of Lazard Limited (NYSE:LAZ) crossed below their 200 day moving average of $38.67, changing hands as low as $38.61 per share. Lazard Limited shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of LAZ shares, versus its 200 day moving average:

Lazard Limited 200 Day Moving Average Chart

Looking at the chart above, LAZ's low point in its 52 week range is $25.70 per share, with $46.54 as the 52 week high point that compares with a last trade of $38.68.

According to the ETF Finder at ETF Channel, LAZ makes up 4.95% of the SPDR KBW Capital Markets ETF (AMEX:KCE) which is trading lower by about 0.8% on the day Tuesday.

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