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SPDR S&P Dividend ETF Bearish Moving Average Crossover Alert (SDY)

By James Quinn

Today, shares of SPDR S&P Dividend ETF (AMEX:SDY) have crossed bearishly below their 10-day moving average of $81.13 on a volume of 262K 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, SPDR S&P Dividend ETF share prices have been bracketed by a low of $46.22 and a high of $81.85 and are now at $80.92, 75% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of SPDR S&P Dividend ETF on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.28. Since that recommendation, shares of SPDR S&P Dividend ETF have risen 6.8%. We continue to monitor SDY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:sdy spdr s&p dividend etf

Ticker(s): SDY