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Bearish Two Hundred Day Moving Average Cross - RITT

By Market News Video Staff, Tuesday, July 26, 11:47 AM ET
Play Video: Learn About The 200 DMA

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In trading on Tuesday, shares of RIT Technologies Ltd. (NASDAQ:RITT) crossed below their 200 day moving average of $6.33, changing hands as low as $5.32 per share. RIT Technologies Ltd. shares are currently trading down about 9.4% on the day. The chart below shows the one year performance of RITT shares, versus its 200 day moving average:

RIT Technologies Ltd. 200 Day Moving Average Chart

Looking at the chart above, RITT's low point in its 52 week range is $1.10 per share, with $13.45 as the 52 week high point that compares with a last trade of $5.99.

RITT operates in the Communications Services sector, among companies like Leap Wireless International Inc (LEAP) which is off about 1.7% today, and DigitalGlobe Inc (NYSE:DGI) trading higher by about 6.3%. Below is a three month price history chart comparing the stock performance of RITT, versus LEAP and DGI.

RITT,LEAP,DGI Relative Performance Chart


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