Rydex S&P Equal Weight ETF Bearish Moving Average Crossover Alert (RSP)
Today, shares of Rydex S&P Equal Weight ETF (AMEX:RSP) have fallen below their 10-day MA of $82.04 on a volume of 109K 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, shares of Rydex S&P Equal Weight ETF have traded between a low of $43.77 and a high of $84.90 and are now at $81.88, which is 87% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for Rydex S&P Equal Weight ETF and will alert subscribers who have RSP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:rsp rydex s&p equal weight etf