• Return to Headlines

SPDR Trust Series 1 Bearish Moving Average Crossover Alert (SPY)

By Amy Schwartz

Today, shares of SPDR Trust Series 1 (AMEX:SPY) have crossed bearishly below their 10-day moving average of $216.62 on a volume of 15.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, SPDR Trust Series 1 share prices have been bracketed by a low of $181.02 and a high of $217.37 and are now at $216.34, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for SPDR Trust Series 1 and will alert subscribers who have SPY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:spy spdr trust series 1

Ticker(s): SPY