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Technical Analysis
- 7/31/2009 1:14:21 PM
By Chip Brian, SmarTrend Analytics Team
Materials Select Sector SPDR Fund (AMEX:XLB) is trading 0.9% higher (up $0.26 to $29.08) today on volume of 3,103,348 shares. The stock has traded within a 52-week range of $17.83 and $41.06.
Materials Select Sector SPDR Fund is currently above its 50-day moving average of $26.60 and above its 200-day moving average of $23.99.
SmarTrend is bullish on shares of XLB and our subscribers received an Uptrend alert on July 21, 2009 at $27.43, which has returned 6% to date.
Contact Chip Brian
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