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Bullish Moving Average Cross by SPDR Gold Trust (GLD)

By Amy Schwartz

Today, shares of SPDR Gold Trust (NYSE:GLD) have crossed bullishly above their 10-day moving average of $117.10 on a volume of 1.2 million 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.

In the past 52 weeks, SPDR Gold Trust share prices have been bracketed by a low of $100.23 and a high of $131.15 and are now at $117.37, 17% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.38% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in SPDR Gold Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR Gold Trust in search of a potential trend change.

Keywords: moving crosses spdr gold trust

Ticker(s): GLD