Watch for Continued Gains in Shares of SPDR Dow Jones REIT ETF (RWR)

Shares of SPDR Dow Jones REIT ETF RWR traded at a new 52-week high today of $70.26. Approximately 94,000 shares have traded hands today vs. average 30-day volume of 216,000 shares.

SPDR Dow Jones REIT ETF is currently trading at $70.19, approximately 4.6% above its 50-day moving average of $67.09. SmarTrend will be monitoring shares of RWR to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.34%.

In the past 52 weeks, shares of SPDR Dow Jones REIT ETF have traded between a low of $50.99 and a high of $70.15 and are now at $70.26, which is 38% above that low price.

SmarTrend currently has shares of SPDR Dow Jones REIT ETF in an Uptrend and issued the Uptrend alert on July 01, 2011 at $67.28. The stock has risen 3.7% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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