HomeMost Popular"IYE Falls Below Key 200-Day Moving Average: Implications for iShares U.S. Energy"

“IYE Falls Below Key 200-Day Moving Average: Implications for iShares U.S. Energy”

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iShares U.S. Energy ETF Drops Below Key Moving Average

On Tuesday, shares of the iShares U.S. Energy ETF (Symbol: IYE) fell below the important 200-day moving average of $48.00, hitting a low of $47.83 per share during trading. Currently, IYE shares are down approximately 0.5% for the day. The chart below highlights the one-year performance of IYE compared to its 200-day moving average:

iShares U.S. Energy 200 Day Moving Average Chart

This chart indicates that IYE’s lowest point over the past year was $41.46 per share, while the highest reached $51.70. As of the last trade, IYE stands at $48.02.

nslideshow Click here to discover which 9 other ETFs have recently fallen below their 200-day moving average »

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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