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Possible Trend Reversal, SPDR Nuveen Barclays Capital Municipal Bond ETF Down on Heavy Volume (TFI)

By Amy Schwartz

Shares of SPDR Nuveen Barclays Capital Municipal Bond ETF are trading today in above average volume, with the share price falling -0.1% to $24.58. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 429,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of SPDR Nuveen Barclays Capital Municipal Bond ETF on February 28th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.32. Since that recommendation, shares of SPDR Nuveen Barclays Capital Municipal Bond ETF have risen 5.3%. We continue to monitor TFI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, SPDR Nuveen Barclays Capital Municipal Bond ETF has traded in a range of $23.53 to $24.68 and is now at $24.56, 4% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: unusual volume spdr nuveen barclays capital municipal bond etf

Ticker(s): TFI