Overview of KRE
The SPDR S&P Regional Banking ETF (KRE) seeks to track the performance of the S&P Regional Banks Select Industry Index. This ETF particularly targets regional banks in the United States. Additionally, its top holdings are Bank of the Ozarks (OZRK), Western Alliance Bancorporation (WAL), BBCN Bancorp, Home BancShares (HOMB), and Simmons First National Corporation Class A (SFNC). With assets of around $2.8 billion under management, the KRE ETF is the largest and most heavily traded regional bank ETF in the United States. The shares of KRE have gained 2.8% in 2015 and have outperformed the overall financial sector.
Moving average analysis
On January 5, 2016, KRE closed at $40.9, or below its 100-day moving average of $42.5, below its 50-day moving average of $43.7, and also below its 20-day moving average of $42.3. The chart above shows that KRE has crossed below its 100-day moving average on December 28, 2015, and is trending downward since then.
The 14-day RSI (Relative Strength Index) for the KRE ETF is 35.5 as of January 5, 2016. An RSI figure below 30 is an indication of an oversold stock while an RSI above 70 denotes an overbought stock.