KIE Makes Bullish Cross Above Critical Moving Average

SPDR S&P Insurance ETF (KIE) crossed above its 200-day moving average of $58.00 and traded as high as $58.20, while the ETF was up about 2.7% on the day. The move is a technically positive signal for the insurance sector, but the article contains no fundamental or macro catalyst.

Analysis

SPDR S&P Insurance ETF (KIE) crossed above its 200-day moving average of $58.00 and traded as high as $58.20, while the ETF was up about 2.7% on the day. The move is a technically positive signal for the insurance sector, but the article contains no fundamental or macro catalyst.