SPFF Makes Bullish Cross Above Critical Moving Average

Global X SuperIncome Preferred ETF (SPFF) crossed above its 200-day moving average of $9.24 and traded as high as $9.29, about 0.6% higher on the day. The move is technically constructive but appears to be a routine chart-based signal rather than a material fundamental catalyst.

Analysis

Global X SuperIncome Preferred ETF (SPFF) crossed above its 200-day moving average of $9.24 and traded as high as $9.29, about 0.6% higher on the day. The move is technically constructive but appears to be a routine chart-based signal rather than a material fundamental catalyst.