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

By James Quinn

Midcap SPDR Trust Series 1 (AMEX:MDY) crossed over its 10-day moving average of $267.46 on a volume of 274K 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.

Midcap SPDR Trust Series 1 share prices have moved between a 52-week high of $282.41 and a 52-week low of $216.91 and are now trading 24% above that low price at $269.13 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Midcap SPDR Trust Series 1 on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $244.18. Since that recommendation, shares of Midcap SPDR Trust Series 1 have risen 9.5%. We continue to monitor MDY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): MDY