Market Overview

Consumer Staples Select Sector SPDR Fund: The Winning Streak Continues (XLP)

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(via COMTEX News Network)--

Shares of Consumer Staples Select Sector SPDR Fund (AMEX: XLP) traded at a new 52-week high today of $30.63. Approximately 1.4 million shares have traded hands today vs. average 30-day volume of 7.3 million shares.

Consumer Staples Select Sector SPDR Fund is currently trading at $30.61, approximately 3.2% above its 50-day moving average of $29.65. SmarTrend will be monitoring shares of XLP to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.31% while the 200-day MA has risen 0.24%.

In the past 52 weeks, shares of Consumer Staples Select Sector SPDR Fund have traded between a low of $24.95 and a high of $30.59 and are now at $30.52, which is 22% above that low price.

SmarTrend currently has shares of Consumer Staples Select Sector SPDR Fund in an Uptrend and issued the Uptrend alert on July 26, 2010 at $27.21. The stock has risen 12.2% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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