Market Overview

Trading Higher on Heavy Volume are Shares of SPDR KBW Regional Banking ETF on 1.4x Above-Average Volume (KRE)

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(via COMTEX News Network)--

Shares of SPDR KBW Regional Banking ETF (AMEX: KRE) are trading up 0.1% to $26.52 today on above average volume. Approximately 2.2 million shares have traded hands today vs. average 30-day volume of 1.6 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of KRE to see if this bullish momentum will continue.

SmarTrend currently has shares of SPDR KBW Regional Banking ETF in an Uptrend and issued the Uptrend alert on October 06, 2010 at $23.34. The stock has risen 13.5% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.16%.

In the past 52 weeks, shares of SPDR KBW Regional Banking ETF have traded between a low of $20.80 and a high of $29.50 and are now at $26.52, which is 28% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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