iShares Mortgage Real Estate Breaks Above 200-Day Moving Average - Bullish for REM

In trading on Wednesday, shares of the iShares Mortgage Real Estate ETF (Symbol: REM) crossed above their 200 day moving average of $22.23, changing hands as high as $22.48 per share. iShares Mortgage Real Estate shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of REM shares, versus its 200 day moving average:

Looking at the chart above, REM's low point in its 52 week range is $20.405 per share, with $24.05 as the 52 week high point — that compares with a last trade of $22.28.

Click here to find out which 9 other ETFs recently crossed above their 200 day moving average »