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SPDR S&P Homebuilders ETF Crosses Above its 10-day MA (XHB)

By Amy Schwartz

SPDR S&P Homebuilders ETF (AMEX:XHB) crossed over its 10-day moving average of $35.98 on a volume of 519K 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.

In the past 52 weeks, shares of SPDR S&P Homebuilders ETF have traded between a low of $27.66 and a high of $39.22 and are now at $36.09, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

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 3.1%. 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

Ticker(s): XHB