Sellers Abandoning Shares of SPDR KBW Regional Banking ETF on 1.3x Above-Average Volume (KRE)

Shares of SPDR KBW Regional Banking ETF KRE are trading down 3.2% to $22.41 today on above average volume. Approximately 5.5 million shares have traded hands today vs. average 30-day volume of 2.4 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of KRE to see if this bearish momentum will continue.

SmarTrend is monitoring the recent change of momentum in SPDR KBW Regional Banking ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SPDR KBW Regional Banking ETF in search of a potential trend change.

In the last five trading sessions, the 50-day MA has fallen 0.6% while the 200-day MA has remained constant.

In the past 52 weeks, shares of SPDR KBW Regional Banking ETF have traded between a low of $20.80 and a high of $27.54 and are now at $22.59, which is 9% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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