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mikeffi

defensive XLU breaks the overall market tremd

Long
SPDR Select Sector Fund - Utilities (AMEX:XLU)  
mikeffi  
AMEX:XLU   SPDR Select Sector Fund - Utilities
0
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XLU have been stuck in a trading range after testing but have moved up to challenge the increasingly important $42.30 level and moved higher to re-test last session on good trading volume comparatively. A confirmed break of this level may see the stock challenge $43.50 which appear to be a more significant technical landmark.
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