Market Overview

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

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(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 cbrian@mysmartrend.com

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