SPDR S&P Dividend ETF Crosses Below its 10-day MA (SDY)
SPDR S&P Dividend ETF (AMEX:SDY) crossed under its 10-day moving average of $80.95 on a volume of 148K 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 $81.81 and are now at $80.64, 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
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 6.7%. 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