SPDR Trust Series 1 Crosses Above its 10-day MA (SPY)
SPDR Trust Series 1 (AMEX:SPY) shares have crossed bullishly above their 10-day moving average of $206.62 on a volume of 16.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, SPDR Trust Series 1 has traded in a range of $181.02 to $213.78 and is now at $207.31, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
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 5.9%. 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