Market Overview

Sellers Distribute Shares of SPDR KBW Bank ETF, Down 1.2% (KBE)

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(via COMTEX News Network)--

SPDR KBW Bank ETF (AMEX: KBE) is one of today's notable stocks in decline, down 1.2% to $24.78. The S&P is currently trading 0.4% lower to 1,343 and the Dow Jones Industrial Average is trading 0.5% lower to 12,634.

SPDR KBW Bank ETF is in SmarTrend's Money Center Banks industry and this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry.

In the last five trading sessions, the 50-day MA has fallen 0.32% while the 200-day MA has remained constant.

In the past 52 weeks, shares of SPDR KBW Bank ETF have traded between a low of $21.19 and a high of $27.84 and are now at $24.78, which is 17% above that low price.

SmarTrend currently has shares of SPDR KBW Bank ETF in an Downtrend and issued the Downtrend alert on March 02, 2011 at $25.95. The stock has fallen 3.3% since the Downtrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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