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PJC Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Wednesday, May 4, 11:23 AM ET
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In trading on Wednesday, shares of Piper Jaffray Companies (NYSE:PJC) crossed below their 200 day moving average of $34.44, changing hands as low as $34.14 per share. Piper Jaffray Companies shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of PJC shares, versus its 200 day moving average:

Piper Jaffray Companies 200 Day Moving Average Chart

Looking at the chart above, PJC's low point in its 52 week range is $26.55 per share, with $44.56 as the 52 week high point — that compares with a last trade of $34.24.

According to the ETF Finder at ETF Channel, PJC makes up 2.14% of the iShares Dow Jones U.S. Broker-Dealers Index Fund ETF (AMEX:IAI) which is trading lower by about 0.8% on the day Wednesday.

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