Market Overview

SPDR KBW Bank ETF Shares Down 3.0% Since SmarTrend Said Sell (KBE)

(via COMTEX News Network)--

SmarTrend identified a Downtrend for SPDR KBW Bank ETF (AMEX: KBE) on March 02, 2011 at $25.95. In approximately 2 months, SPDR KBW Bank ETF has returned 3% as of today's recent price of $25.16.

In the past 52 weeks, shares of SPDR KBW Bank ETF have traded between a low of $21.19 and a high of $28.25 and are now at $25.16, which is 19% above that low price.

SPDR KBW Bank ETF is currently below its 50-day moving average of $25.76 and should find support at its 200-day moving average of $24.65. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.52% while the 200-day MA has risen 0.22%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of SPDR KBW Bank ETF.

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!