Materials Select Sector ETF Dips Below Key Average

Shares of XLB Slide as Market Shows Weakness

On Tuesday, shares of the Materials Select Sector SPDR Fund ETF (Symbol: XLB) fell beneath their 200-day moving average of $91.57, trading as low as $90.39 per share. Currently, XLB is down approximately 0.7% for the day. The chart below illustrates the one-year performance of XLB shares, compared to their 200-day moving average:

Reviewing the chart, XLB has a 52-week low of $80.735 per share and a high of $97.87, with the last trade recorded at $90.92.

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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.