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Look for Shares of SPDR KBW Regional Banking ETF to Potentially Rebound after Yesterday's 4.81% Sell Off

By Amy Schwartz

SPDR KBW Regional Banking ETF (AMEX:KRE) traded in a range yesterday that spanned from a low of $35.50 to a high of $37.18. Yesterday, the shares fell 4.8%, which took the trading range below the 3-day low of $37.60 on volume of 7.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SPDR KBW Regional Banking ETF share prices have moved between a 52-week high of $46.33 and a 52-week low of $32.63 and are now trading 10% above that low price at $35.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.3%.

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