Midcap SPDR Trust Series 1 Crosses Below its 10-day MA (MDY)
Today, shares of Midcap SPDR Trust Series 1 (AMEX:MDY) have crossed bearishly below their 10-day moving average of $285.97 on a volume of 706K 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 $282.69, 30% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 0.79% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Midcap SPDR Trust Series 1 on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $275.40. Since that recommendation, shares of Midcap SPDR Trust Series 1 have risen 4.2%. 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