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Power Integrations Inc. Breaks Above 200-Day Moving Average - Bullish for POWI

By Market News Video Staff, Wednesday, January 2, 5:01 PM ET
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In trading on Wednesday, shares of Power Integrations Inc. (NASDAQ:POWI) crossed above their 200 day moving average of $35.14, changing hands as high as $35.24 per share. Power Integrations Inc. shares are currently trading up about 4.7% on the day. The chart below shows the one year performance of POWI shares, versus its 200 day moving average:

Power Integrations Inc. 200 Day Moving Average Chart

Looking at the chart above, POWI's low point in its 52 week range is $27.20 per share, with $44.62 as the 52 week high point that compares with a last trade of $35.19.

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According to the ETF Finder at ETF Channel, POWI makes up 2.18% of the Global Alternative Energy ETF (AMEX:GEX) which is trading higher by about 3.1% on the day Wednesday.

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