Bullish Moving Average Cross by Midcap SPDR Trust Series 1 (MDY)
Today, shares of Midcap SPDR Trust Series 1 (AMEX:MDY) have crossed bullishly above their 10-day moving average of $284.55 on a volume of 327K shares. This may provide short-term investors a chance 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 $287.24 and a 52-week low of $216.91 and are now trading 32% above that low price at $285.98 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 July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $275.40. Since that recommendation, shares of Midcap SPDR Trust Series 1 have risen 3.1%. 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