Nasdaq ETF Falls Below 200-Day Average on Apple, Microsoft
Posted on June 15, 2011 at 15:15 PM EDT
An exchange traded fund tracking Nasdaq stocks fell below its 200-day moving average in Wednesday’s sell-off in another sign of a potential technical breakdown in stocks. PowerShares QQQ (NasdaqGM: QQQ) was down about 2% in afternoon trading Wednesday as the Dow dropped almost 200 points. Investors...
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