SPDR S&P 500 ETF (SPY) just crossed above this key Moving Average

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November 7, 2018 11:50am NYSE:SPY

From ETF Channel: In trading on Wednesday, shares of the SPDR S&P 500 ETF (SPY) crossed above their 200 day moving average of $276.08, changing hands as high as $278.40 per share. SPDR S&P 500 shares are currently trading up about 1% on the day. The chart below shows the one year performance of SPY shares, versus its 200 day moving average:

SPDR S&P 500 200 Day Moving Average Chart

Looking at the chart above, SPY’s low point in its 52 week range is $252.92 per share, with $293.94 as the 52 week high point — that compares with a last trade of $278.59.

The SPDR S&P 500 ETF Trust (SPY) was trading at $278.54 per share on Wednesday morning, up $3.42 (+1.24%). Year-to-date, SPY has gained 4.80%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 152 ETFs in the Large Cap Blend ETFs category.

This article is brought to you courtesy of ETF Channel.

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