SPDR S&P Oil & Gas Exploration & Production ETF Up 7.1% Since SmarTrend Uptrend Call (XOP)

SmarTrend identified an Uptrend for SPDR S&P Oil & Gas Exploration & Production ETF XOP on June 30, 2011 at $58.75. In approximately 4 weeks, SPDR S&P Oil & Gas Exploration & Production ETF has returned 7.1% as of today's recent price of $62.91.

In the past 52 weeks, shares of SPDR S&P Oil & Gas Exploration & Production ETF have traded between a low of $37.44 and a high of $65.76 and are now at $62.91, which is 68% above that low price.

SPDR S&P Oil & Gas Exploration & Production ETF is currently above its 50-day moving average of $58.82 and above its 200-day moving average of $55.86. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.73% while the 200-day MA has risen 0.55%.

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 Oil & Gas Exploration & Production ETF shares.

Write to Chip Brian at cbrian@mysmartrend.com

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