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david_ceballos
Jun 25, 2018 8:19 PM

Long Consumer Staples Long

AMEX:XLP1D
SPDR Select Sector Fund - Consumer StaplesArca

Description

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Some new bullish signals for Consumer Staples sector:

  • Solid Price action over SMA(20d) and SMA(50d).
    SMA(20) crossed the SMA(50) the last days of the past week (Golden Cross!).


A good strategy to go long is to wait for a correction around the SM(20d).

Comment

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Despite the SPX is forming a bearish pattern, the Consumer Staples remains attractive for the long side. Idea still open.
Trend AnalysisXLPS&P 500 (SPX500)Stocksconsumerstaples
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