Bullish Moving Average Cross by SPDR S&P Biotech ETF (XBI)
SPDR S&P Biotech ETF (AMEX:XBI) shares have crossed bullishly above their 10-day moving average of $51.18 on a volume of 2.8 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.
SPDR S&P Biotech ETF share prices have moved between a 52-week high of $91.11 and a 52-week low of $44.16 and are now trading 18% above that low price at $52.07 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.4%.
SmarTrend is monitoring the recent change of momentum in SPDR S&P Biotech ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR S&P Biotech ETF in search of a potential trend change.
Keywords: moving crosses amex:xbi spdr s&p biotech etf