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Rydex S&P Equal Weight ETF Rising Today on Above-Average Volume (RSP)
Jan 03, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Rydex S&P Equal Weight ETF are trading today in above average volume, with the share price rising -0.0% to $54.62. About 6.1 million shares have been traded today, as compared to the 30-day average volume of 615,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Rydex S&P Equal Weight ETF on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.31. Since that recommendation, shares of Rydex S&P Equal Weight ETF have risen 4.4%. We continue to monitor RSP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Rydex S&P Equal Weight ETF has traded in a range of $46.03 to $54.82 and is now at $54.82, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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