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Market Overview

SmarTrend Detects Continued Buying Pressure in Shares of Consumer Discretionary Select Sector SPDR Fund (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 6 months, Consumer Discretionary Select Sector SPDR Fund has returned 19.5% as of today's recent price of $37.93.

In the past 52 weeks, shares of Consumer Discretionary Select Sector SPDR Fund have traded between a low of $28.21 and a high of $38.41 and are now at $37.93, which is 34% above that low price.

Consumer Discretionary Select Sector SPDR Fund is currently above its 50-day moving average of $37.45 and above its 200-day moving average of $33.96. 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 0.23% while the 200-day MA has remained constant.

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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