• Return to Headlines

Look for Shares of SPDR KBW Regional Banking ETF to Potentially Rebound after Yesterday's 1.24% Sell Off

By Shiri Gupta

SPDR KBW Regional Banking ETF (AMEX:KRE) traded in a range yesterday that spanned from a low of $54.24 to a high of $55.18. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $54.70 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of SPDR KBW Regional Banking ETF have traded between a low of $32.63 and a high of $59.68 and are now at $54.38, which is 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

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

Keywords: rebounders amex:kre spdr kbw regional banking etf

Ticker(s): KRE