• Return to Headlines

SPDR Gold Trust Crosses Below its 10-day MA (GLD)

By James Quinn

SPDR Gold Trust (NYSE:GLD) shares have crossed bearishly below their 10-day moving average of $121.32 on a volume of 1.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

SPDR Gold Trust share prices have moved between a 52-week high of $131.15 and a 52-week low of $100.23 and are now trading 20% above that low price at $120.64 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for SPDR Gold Trust and will alert subscribers who have GLD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses spdr gold trust

Ticker(s): GLD