Nasdaq ETF Pauses at 50-Day Average as Apple Declines
August 31, 2011 at 13:29 PM EDT
PowerShares QQQ (NasdaqGM: QQQ) encountered resistance at its 50-day simple moving average on Wednesday morning but remained in positive territory for the day. Top holding Apple (NasdaqGS: AAPL) kept a lid on the session’s gains as the stock fell 1%. The Nasdaq-100 exchange traded fund was testing...
