PEJ Makes Notable Cross Below Critical Moving Average

Shares of the Invesco Leisure and Entertainment ETF (PEJ) fell below their 200-day moving average of $59.80, trading as low as $59.15 and down about 2.1% on the day. The move signals a modestly negative technical setup for the leisure and entertainment segment, but the article contains no fundamental catalyst.

Analysis

Shares of the Invesco Leisure and Entertainment ETF (PEJ) fell below their 200-day moving average of $59.80, trading as low as $59.15 and down about 2.1% on the day. The move signals a modestly negative technical setup for the leisure and entertainment segment, but the article contains no fundamental catalyst.