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Bullish Moving Average Cross by Semiconductor HOLDRs Trust (SMH)

By Nick Russo

Today, shares of Semiconductor HOLDRs Trust (AMEX:SMH) have crossed bullishly above their 10-day moving average of $51.90 on a volume of 363K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Semiconductor HOLDRs Trust have traded between a low of $43.53 and a high of $60.13 and are now at $52.13, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.40% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Semiconductor HOLDRs Trust and will alert subscribers who have SMH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:smh semiconductor holdrs trust

Ticker(s): SMH