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Bearish Two Hundred Day Moving Average Cross - PRGS

By Market News Video Staff, Wednesday, June 1, 5:11 PM ET
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In trading on Wednesday, shares of Progress Software Corp. (NASDAQ:PRGS) crossed below their 200 day moving average of $26.31, changing hands as low as $26.04 per share. Progress Software Corp. shares are currently trading down about 3.7% on the day. The chart below shows the one year performance of PRGS shares, versus its 200 day moving average:

Progress Software Corp. 200 Day Moving Average Chart

Looking at the chart above, PRGS's low point in its 52 week range is $17.64 per share, with $31.47 as the 52 week high point — that compares with a last trade of $26.07.

According to the ETF Finder at ETF Channel, PRGS makes up 2.46% of the Dynamic Software Portfolio ETF (AMEX:PSJ) which is trading lower by about 2.2% on the day Wednesday.

     See what other ETFs contain PRGS »
     See what other stocks are held by PSJ »

PRGS operates in the Application Software sector, among companies like WebMD Health Corp (NASDAQ:WBMD) which is off about 1% today, and Aruba Networks Inc (NASDAQ:ARUN) trading lower by about 5.5%. Below is a three month price history chart comparing the stock performance of PRGS, versus WBMD and ARUN.

PRGS,WBMD,ARUN Relative Performance Chart


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This Article's Word Cloud:   ARUN   According   Application   Below   Channel   Corp   ETFs   Investment   Moving   PRGS   Portfolio   Progress   Software   WBMD   WebMD   Wednesday   about   allows   among   asset   average   below   chart   companies   completely   currently   designed   growth   hands   history   lower   moving   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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