Market Overview

SPDR KBW Bank ETF Shares Down 8.8% Since SmarTrend Said Sell (KBE)

Share:
(via COMTEX News Network)--

SmarTrend identified a Downtrend for SPDR KBW Bank ETF (AMEX: KBE) on March 02, 2011 at $25.95. In approximately 5 months, SPDR KBW Bank ETF has returned 8.8% as of today's recent price of $23.66.

In the past 52 weeks, shares of SPDR KBW Bank ETF have traded between a low of $21.19 and a high of $27.77 and are now at $23.66, which is 12% above that low price.

SPDR KBW Bank ETF is currently below its 50-day moving average of $23.84 and below its 200-day moving average of $24.84. 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 0.79% while the 200-day MA has remained constant.

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 cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

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 http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com