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

By Nick Russo

SPDR Trust Series 1 (AMEX:SPY) crossed over its 10-day moving average of $208.65 on a volume of 11.3 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 15% above that low price at $208.90 per share. The 200-day and 50-day moving averages have moved 0.06% lower and 0.51% higher over the past week, respectively.

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 7.2%. 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