On Monday, iShares Treasury Floating Rate Bond ETF (Symbol: TFLO) saw its shares dip below the crucial 200-day moving average of $50.55. The stock traded as low as $50.50, reflecting a slight decrease of about 0.3% for the day. The accompanying chart illustrates the ETF’s performance over the past year, highlighting the movement in relation to its 200-day average:
In examining the chart, it’s clear that TFLO reached its 52-week low at $50.36, while its peak was $50.71. The latest trade stands at $50.51, indicating it remains near its lower end of the price range.
Click here to discover which other 9 ETFs have also crossed below their 200-day moving average »
Additional Resources:
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