On Wednesday, shares of the iShares Global Comm Services ETF (IXP) fell below their 200-day moving average of $121.55, with trading as low as $120.95 per share, representing a decline of approximately 0.9% for the day. Currently, IXP’s 52-week range is $105.82 to $126.92, with the last trade recorded at $121.36.
This movement indicates a significant shift for IXP, which had seen stronger performance earlier in the year. Investors are advised to monitor further developments, as several other ETFs also recently crossed below their 200-day moving averages.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
