XLE (Energy Sector) Negative Divergence and Overbought

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ENERGY SELECT SECTOR SPDR FUND (BATS:XLE)

BATS:XLE ENERGY SELECT SECTOR SPDR FUND

Currently this ETF XLE has a strong negative divergence, and Stoch is indicating that the stock is overbought. Therefore, it is likely to continue to pull back. (Closed Loss) 78.01 on 2013-03-04

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