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Claymore/MAC Global Solar Energy Index ETF Crosses Below its 10-day MA (TAN)

By Shiri Gupta

Claymore/MAC Global Solar Energy Index ETF (NYSE:TAN) shares have crossed bearishly below their 10-day moving average of $37.53 on a volume of 106K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Claymore/MAC Global Solar Energy Index ETF have traded between a low of $32.23 and a high of $51.07 and are now at $37.19, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Claymore/MAC Global Solar Energy Index ETF on October 17th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.36. Since that recommendation, shares of Claymore/MAC Global Solar Energy Index ETF have risen 3.6%. We continue to monitor TAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses claymore/mac global solar energy index etf

Ticker(s): TAN