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

By David Diaz

Today, shares of SPDR S&P Dividend ETF (AMEX:SDY) have crossed bullishly above their 10-day moving average of $84.00 on a volume of 117K 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, shares of SPDR S&P Dividend ETF have traded between a low of $46.22 and a high of $86.55 and are now at $84.19, which is 82% 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 is tracking the current trend status for SPDR S&P Dividend ETF and will alert subscribers who have SDY in their portfolio or watchlist when shares have changed trend direction.

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

Ticker(s): SDY