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QLogic Corp. Breaks Above 200-Day Moving Average - Bullish for QLGC

By Market News Video Staff, Friday, January 25, 11:52 AM ET
Play Video: Learn About The 200 DMA

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In trading on Friday, shares of QLogic Corp. (NASDAQ:QLGC) crossed above their 200 day moving average of $12.13, changing hands as high as $12.90 per share. QLogic Corp. shares are currently trading up about 16.7% on the day. The chart below shows the one year performance of QLGC shares, versus its 200 day moving average:

QLogic Corp. 200 Day Moving Average Chart

Looking at the chart above, QLGC's low point in its 52 week range is $8.63 per share, with $19.00 as the 52 week high point that compares with a last trade of $12.54.

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According to the ETF Finder at ETF Channel, QLGC makes up 3.40% of the Dynamic Networking Portfolio ETF (AMEX:PXQ) which is trading up by about 1.1% on the day Friday.

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