Market Overview

SPDR KBW Regional Banking ETF Has Returned 12.5% Since SmarTrend Recommendation (KRE)

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SmarTrend identified an Uptrend for SPDR KBW Regional Banking ETF (AMEX: KRE) on October 06, 2010 at $23.34. In approximately 6 months, SPDR KBW Regional Banking ETF has returned 12.5% as of today's recent price of $26.26.

In the past 52 weeks, shares of SPDR KBW Regional Banking ETF have traded between a low of $20.80 and a high of $29.79 and are now at $26.26, which is 26% above that low price.

SPDR KBW Regional Banking ETF is currently above its 200-day moving average of $24.49 and should find resistance at its 50-day moving average of $26.49. 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 remained constant while the 200-day MA has risen 0.15%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SPDR KBW Regional Banking ETF shares.

Write to Chip Brian at cbrian@mysmartrend.com

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