XLB Makes Notable Cross Below Critical Moving Average

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:

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Materials Select Sector SPDR Fund 200 Day Moving Average Chart

Looking at the chart above, XLB's low point in its 52 week range is $32.59 per share, with $40.04 as the 52 week high point — that compares with a last trade of $37.37.
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