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Midcap SPDR Trust Series 1 Bearish Moving Average Crossover Alert (MDY)

By Shiri Gupta

Today, shares of Midcap SPDR Trust Series 1 (AMEX:MDY) have crossed bearishly below their 10-day moving average of $277.53 on a volume of 136K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Midcap SPDR Trust Series 1 share prices have been bracketed by a low of $216.91 and a high of $288.40 and are now at $276.46, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Midcap SPDR Trust Series 1 and will alert subscribers who have MDY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:mdy midcap spdr trust series 1

Ticker(s): MDY