Rydex S&P Equal Weight ETF Bullish Moving Average Crossover Alert (RSP)
Today, shares of Rydex S&P Equal Weight ETF (AMEX:RSP) have advanced above their 10-day MA of $84.15 on a volume of 162K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Rydex S&P Equal Weight ETF share prices have been bracketed by a low of $43.77 and a high of $84.90 and are now at $84.28, 93% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Rydex S&P Equal Weight ETF on September 17th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.57. Since that recommendation, shares of Rydex S&P Equal Weight ETF have risen 8.0%. We continue to monitor RSP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:rsp rydex s&p equal weight etf