SPDR S&P Mortgage Finance Breaks Above 200-Day Moving Average - Bullish for KME

In trading on Thursday, shares of the SPDR S&P Mortgage Finance ETF (KME) crossed above their 200 day moving average of $52.24, changing hands as high as $53.23 per share. SPDR S&P Mortgage Finance shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of KME shares, versus its 200 day moving average:

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SPDR S&P Mortgage Finance 200 Day Moving Average Chart

Looking at the chart above, KME's low point in its 52 week range is $45.44 per share, with $55.67 as the 52 week high point — that compares with a last trade of $53.23.

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