Market Overview

Shares of SPDR KBW Regional Banking ETF are Moving Higher 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 1.7% to $25.80 today on above average volume. Approximately 3.1 million shares have traded hands today vs. average 30-day volume of 2.2 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.

SPDR KBW Regional Banking ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the KBW Regional Banking Index, an equal-weighted index.

In the last five trading sessions, the 50-day MA has fallen 0.23% while the 200-day MA has remained constant.

In the past 52 weeks, shares of SPDR KBW Regional Banking ETF have traded between a low of $20.80 and a high of $27.54 and are now at $25.75, which is 24% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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