First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Stock Passes Below 50-Day Moving Average – Here’s Why

First Trust Intermediate Duration Preferred and Income Fund (NYSE: FPF - Get Free Report) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $18.81 and traded as low as $18.12. First Trust Intermediate Duration Preferred and Income Fund shares last traded at $18.1350, with