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News Breaks | | | | February 15, 2013 | | 15:34 EDT |  | XRT | S&P Retail Index SPDR break below its 10-day moving average
The etf hit a fresh 52-week high earlier in the session, but is now trading below its 10-day moving average, last at $67.57. Next support based on the current price of $67.45 is at $66.95, the session low. Earlier news concerning a leaked email from Wal-Mart (WMT) relating to weak February sales helped to take down the index. Shares and the index have bounced slightly after remarks from the company reported by CNBC that the comments in the email may lack appropriate context. Resistance is at the 10-day and then at $68.25, just under the prior 52-week high. | |
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