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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By James Quinn

SPDR S&P Retail ETF (NYSE:XRT) traded in a range yesterday that spanned from a low of $43.79 to a high of $44.45. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $44.43 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SPDR S&P Retail ETF share prices have moved between a 52-week high of $50.97 and a 52-week low of $37.80 and are now trading 17% above that low price at $44.41 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in SPDR S&P Retail ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR S&P Retail ETF in search of a potential trend change.

Keywords: rebounders spdr s&p retail etf

Ticker(s): XRT