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Midcap SPDR Trust Series 1 Crosses Below its 10-day MA (MDY)

By Amy Schwartz

Today, shares of Midcap SPDR Trust Series 1 (AMEX:MDY) have fallen below their 10-day MA of $282.21 on a volume of 229K shares. This may provide swing traders with 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 $284.60 and are now at $281.41, 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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