SPDR S&P Homebuilders ETF Dips Below Key Average
Shares of SPDR S&P Homebuilders ETF (Symbol: XHB) fell below their significant 200-day moving average on Wednesday, signaling a concerning trend for investors.
During trading, XHB shares dropped as low as $108.48, marking a decrease of approximately 3% for the day. The accompanying chart illustrates the performance of XHB over the past year, contrasted with its 200-day moving average:
The chart indicates that XHB’s 52-week low stands at $90.96, while the high reached $126.09. The most recent trading price was $107.50, highlighting the ETF’s current position amid this broader market fluctuation.
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Click here to find out which 9 other ETFs recently crossed below their 200-day moving average »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
