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SPMB Crosses Below Key Moving Average Level

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SPMB Crosses Below Key Moving Average Level




Analysis: Implications of SPDR Portfolio Mortgage Backed Bond ETF Dropping Below Key Moving Average Level

Market Update: SPMB Falls Below Significant Moving Average

On Tuesday, trading witnessed the SPDR Portfolio Mortgage Backed Bond ETF (Symbol: SPMB) falling beneath its crucial 200-day moving average of $21.42, reaching as low as $21.38 per share. Presently, SPDR Portfolio Mortgage Backed Bond shares exhibit a 0.4% decline for the day. The chart below presents the one-year performance of SPMB in relation to its 200-day moving average:

SPDR Portfolio Mortgage Backed Bond 200 Day Moving Average Chart

An insightful glance at the graph indicates that SPMB’s lowest point within the 52-week range is $20 per share, with $22.49 positioned as its peak — a backdrop against the recent trade at $21.41.

Curious to see the list of 9 other ETFs that have recently dipped below their 200-day moving average? Click here »

Further Analysis:

Also noteworthy:

  • Materials Dividend Stock List
  • GPM Split History
  • EIGI market cap history

The opinions and viewpoints articulated in this piece represent the author’s perspective and do not necessarily mirror those of Nasdaq, Inc.