In trading on Thursday, shares of the iShares Mortgage Real Estate ETF (Symbol: REM) crossed above their 200-day moving average of $22.15, briefly reaching $22.16 per share. The ETF is currently trading up approximately 0.1% on the day. The chart below illustrates REM’s one-year performance relative to its 200-day moving average:
Over the past 52 weeks, REM’s shares have ranged from a low of $18.34 to a high of $24.88. The current price of $22.14 reflects a position near the upper end of this range.
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