IYE Drops Below Critical Moving Average Threshold

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On Wednesday, shares of the iShares U.S. Energy ETF (IYE) fell below their 200-day moving average of $36.19, trading as low as $35.84, representing a decline of approximately 2.7% for the day. The current price for IYE is $35.95.

The ETF’s 52-week range has a low of $24.49 and a high of $49.31.

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