Midcap SPDR Trust Series 1 Bullish Moving Average Crossover Alert (MDY)

Today, shares of Midcap SPDR Trust Series 1 MDY have crossed bullishly above their 10-day moving average of $148.53 on volume of 513 thousand shares.

This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for Midcap SPDR Trust Series 1 on February 16, 2010 at $131.34. In approximately 2 months, Midcap SPDR Trust Series 1 has returned 13.6% as of today's recent price of $149.15.

We will continue to monitor MDY's share price relative to this moving average.

Write to Chip Brian at cbrian@tradethetrend.com

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