Market Overview

Consumer Discretionary Select Sector SPDR Fund: The Trend Continues Up (XLY)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for Consumer Discretionary Select Sector SPDR Fund (AMEX: XLY) on July 26, 2010 at $31.74. In approximately 2 months, Consumer Discretionary Select Sector SPDR Fund has returned 7.2% as of today's recent price of $34.01.

Consumer Discretionary Select Sector SPDR Fund is currently above its 50-day moving average of $32.03 and above its 200-day moving average of $31.71. 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 Consumer Discretionary Select Sector SPDR Fund shares.

Write to Chip Brian at cbrian@tradethetrend.com

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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

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