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SPDR S&P Dividend ETF Crosses Above its 10-day MA (SDY)

By David Diaz

SPDR S&P Dividend ETF (AMEX:SDY) shares have crossed bullishly above their 10-day moving average of $85.89 on a volume of 229K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

SPDR S&P Dividend ETF share prices have moved between a 52-week high of $86.55 and a 52-week low of $46.22 and are now trading 86% above that low price at $86.12 per share. The 200-day and 50-day moving averages have moved 0.09% higher and 0.67% higher over the past week, respectively.

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 12.2%. 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