In trading on Thursday, shares of the Materials Select Sector SPDR Fund ETF (XLB) crossed below their 200 day moving average of $37.17, changing hands as low as $37.10 per share. Materials Select Sector SPDR Fund shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of XLB shares, versus its 200 day moving average:
XLB Makes Notable Cross Below Critical Moving Average
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.