Market Overview

SPDR S&P Biotech ETF: 52-Week High Recently Eclipsed (XBI)

(via COMTEX News Network)--

Shares of SPDR S&P Biotech ETF (AMEX: XBI) traded at a new 52-week high today of $66.52. Approximately 55,000 shares have traded hands today vs. average 30-day volume of 73,000 shares.

SPDR S&P Biotech ETF is currently trading at $66.31, approximately 5.7% above its 50-day moving average of $62.73. SmarTrend will be monitoring shares of XBI to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.24%.

In the past 52 weeks, shares of SPDR S&P Biotech ETF have traded between a low of $47.01 and a high of $66.12 and are now at $66.37, which is 41% above that low price.

SmarTrend currently has shares of SPDR S&P Biotech ETF in an Uptrend and issued the Uptrend alert on September 13, 2010 at $56.63. The stock has risen 16.6% since the Uptrend alert was issued.

Write to Chip Brian at


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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

View Comments and Join the Discussion!