SPDR S&P Oil & Gas Exploration & Production ETF Bearish Moving Average Crossover Alert (XOP)
Today, shares of SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP) have fallen below their 10-day MA of $33.86 on a volume of 5.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of SPDR S&P Oil & Gas Exploration & Production ETF have traded between a low of $22.06 and a high of $79.11 and are now at $33.33, which is 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.6%.
SmarTrend is tracking the current trend status for SPDR S&P Oil & Gas Exploration & Production ETF and will alert subscribers who have XOP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:xop spdr s&p oil & gas exploration & production etf