SPDR S&P Metals & Mining ETF Upward Momentum Looks to Continue (XME)
Friday, March 12, 2010 - 11:33
Written on Fri, 03/12/2010 - 11:33am
By Chip Brian

SmarTrend identified an Uptrend for SPDR S&P Metals & Mining ETF (AMEX:XME) on February 16, 2010 at $50.76. In approximately 3 weeks, SPDR S&P Metals & Mining ETF has returned 12.5% as of today's recent price of $57.10.
SPDR S&P Metals & Mining ETF is currently above its 50-day moving average of $51.95 and above its 200-day moving average of $45.27. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SPDR S&P Metals & Mining ETF shares.

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