Short Municipal Index Breaks Above 200-Day Moving Average - Bullish For SMB

In trading on Monday, shares of the Short Municipal Index ETF (SMB) crossed above their 200 day moving average of $17.81, changing hands as high as $17.82 per share. Short Municipal Index shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of SMB shares, versus its 200 day moving average:

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Short Municipal Index 200 Day Moving Average Chart

Looking at the chart above, SMB's low point in its 52 week range is $17.51 per share, with $18.84 as the 52 week high point — that compares with a last trade of $17.79.

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