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SPDR S&P Metals & Mining ETF Crosses Below its 10-day MA (XME)

By Shiri Gupta

Today, shares of SPDR S&P Metals & Mining ETF (AMEX:XME) have fallen below their 10-day MA of $23.54 on a volume of 1.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

SPDR S&P Metals & Mining ETF share prices have moved between a 52-week high of $38.26 and a 52-week low of $11.38 and are now trading 105% above that low price at $23.34 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 3.0%.

SmarTrend is monitoring the recent change of momentum in SPDR S&P Metals & Mining ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR S&P Metals & Mining ETF in search of a potential trend change.

Keywords: moving crosses amex:xme spdr s&p metals & mining etf

Ticker(s): XME