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Bullish Moving Average Cross by Midcap SPDR Trust Series 1 (MDY)

By James Quinn

Today, shares of Midcap SPDR Trust Series 1 (AMEX:MDY) have crossed bullishly above their 10-day moving average of $280.69 on a volume of 201K 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.

Over the past year, Midcap SPDR Trust Series 1 has traded in a range of $216.91 to $288.40 and is now at $281.04, 30% above that low. 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 is tracking the current trend status for Midcap SPDR Trust Series 1 and will alert subscribers who have MDY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:mdy midcap spdr trust series 1

Ticker(s): MDY