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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 advanced above their 10-day MA of $119.87 on a volume of 728K 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.

In the past 52 weeks, shares of SPDR Gold Trust have traded between a low of $100.23 and a high of $131.15 and are now at $119.99, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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