Franklin Intelligent Machines Breaks Above 200-Day Moving Average – Bullish for IQM

In trading on Thursday, shares of the Franklin Intelligent Machines ETF (Symbol: IQM) crossed above their 200 day moving average of $98.64, changing hands as high as $101.36 per share. Franklin Intelligent Machines shares are currently trading up about 7.1% on the day. The chart below shows the one year performance of IQM shares, versus its 200 day moving average:

Looking at the chart above, IQM’s low point in its 52 week range is $76.51 per share, with $126.21 as the 52 week high point — that compares with a last trade of $100.79.

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

Further IQM Research:

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