mikeffi
Long

defensive XLU breaks the overall market tremd

AMEX:XLU   SELECT SECTOR SPDR TRUST AMEX UTILITIES SELECT INDEX
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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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