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HSBC Crosses Below Key Moving Average Level

By Preferred Stock Channel Staff, Wednesday, March 27, 11:21 AM ET
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In trading on Wednesday, shares of HSBC Holdings plc (NYSE:HSBC) crossed below their 200 day moving average of $39.03, changing hands as low as $39.00 per share. HSBC Holdings plc shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of HSBC shares, versus its 200 day moving average:

HSBC Holdings plc 200 Day Moving Average Chart

Looking at the chart above, HSBC's low point in its 52 week range is $33.25 per share, with $42.465 as the 52 week high point — that compares with a last trade of $39.09.


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