SPDR S&P Homebuilders ETF Bullish Moving Average Crossover Alert (XHB)
SPDR S&P Homebuilders ETF (AMEX:XHB) shares have crossed bullishly above their 10-day moving average of $36.21 on a volume of 510K 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.
Over the past year, SPDR S&P Homebuilders ETF has traded in a range of $27.66 to $39.22 and is now at $36.40, 32% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of SPDR S&P Homebuilders ETF on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.64. Since that recommendation, shares of SPDR S&P Homebuilders ETF have risen 4.0%. We continue to monitor XHB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:xhb spdr s&p homebuilders etf