SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Utilities Select Sector SPDR Fund (XLU)
SmarTrend identified a Downtrend for Utilities Select Sector SPDR Fund (AMEX: XLU) on January 22, 2010 at $30.16. In approximately 3 weeks, Utilities Select Sector SPDR Fund has returned 4.6% as of today's recent price of $28.76.
Utilities Select Sector SPDR Fund is currently below its 50-day moving average of $30.61 and below its 200-day moving average of $28.95. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Utilities Select Sector SPDR Fund.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
