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SmarTrend Watching for Potential Rebound in Shares of SPDR KBW Regional Banking ETF After 1.27% Loss

By David Diaz

SPDR KBW Regional Banking ETF (AMEX:KRE) traded in a range yesterday that spanned from a low of $57.25 to a high of $58.01. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $57.75 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of SPDR KBW Regional Banking ETF on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.33. Since that recommendation, shares of SPDR KBW Regional Banking ETF have risen 44.3%. We continue to monitor KRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, SPDR KBW Regional Banking ETF share prices have been bracketed by a low of $32.63 and a high of $59.68 and are now at $57.36, 76% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.92% higher over the past week, respectively.

Keywords: rebounders amex:kre spdr kbw regional banking etf

Ticker(s): KRE