• Return to Headlines

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

By Nick Russo

SPDR Trust Series 1 (AMEX:SPY) shares have crossed bullishly above their 10-day moving average of $205.64 on a volume of 22.5 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

SPDR Trust Series 1 share prices have moved between a 52-week high of $213.78 and a 52-week low of $181.02 and are now trading 14% above that low price at $207.17 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of SPDR Trust Series 1 on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $194.37. Since that recommendation, shares of SPDR Trust Series 1 have risen 5.6%. We continue to monitor SPY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:spy spdr trust series 1

Ticker(s): SPY