MLPA Drops Below Key Moving Average: A Significant Market Shift

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Global X MLP ETF Shares Drop Below 200-Day Moving Average

In trading on Wednesday, the Global X MLP ETF (Symbol: MLPA) saw its shares fall below the 200-day moving average of $49.89, with prices reaching as low as $49.50 per share. Currently, Global X MLP shares are down approximately 1.3% for the day. The chart below illustrates the one-year performance of MLPA shares in relation to its 200-day moving average:

Global X MLP 200 Day Moving Average Chart

Examining the chart, MLPA has a 52-week low of $45.09 per share and a high of $54.46, in contrast to its most recent trade of $49.62.


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Click here to discover which 9 other ETFs have recently crossed below their 200-day moving average.

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

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