SPDR KBW Regional Banking ETF Bullish Moving Average Crossover Alert (KRE)
SPDR KBW Regional Banking ETF (AMEX:KRE) crossed over its 10-day moving average of $39.00 on a volume of 1.5 million 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.
Over the past year, SPDR KBW Regional Banking ETF has traded in a range of $32.63 to $46.33 and is now at $39.76, 22% above that low. The 200-day and 50-day moving averages have moved 0.26% lower and 0.92% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of SPDR KBW Regional Banking ETF on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.80. Since that recommendation, shares of SPDR KBW Regional Banking ETF have risen 5.1%. We continue to monitor KRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:kre spdr kbw regional banking etf