Bullish Moving Average Cross by Midcap SPDR Trust Series 1 (MDY)
Midcap SPDR Trust Series 1 (AMEX:MDY) shares have crossed bullishly above their 10-day moving average of $265.19 on a volume of 141K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Midcap SPDR Trust Series 1 share prices have moved between a 52-week high of $282.41 and a 52-week low of $216.91 and are now trading 22% above that low price at $265.35 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Midcap SPDR Trust Series 1 on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $244.18. Since that recommendation, shares of Midcap SPDR Trust Series 1 have risen 8.5%. We continue to monitor MDY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:mdy midcap spdr trust series 1