April 9, 2021, 12:07 p.m. EDT

How to Improve The Timing of Investment Decisions in Health Care Select Sector Spdr $XLV

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Apr 09, 2021 (Stock Traders Daily via COMTEX) -- Some people say that timing does not matter, but it does. If you were to buy Health Care Select Sector Spdr /zigman2/quotes/205918244/composite XLV +0.37% at a high, see it fall, and not be able to buy more on the dip like the big boys can, that would be troubling. Over time, Stock Traders Daily has found a way to lessen the odds of this happening. Below, we provide data for XLV that can be used to help achieve this goal. The data can be used to improve the timing of buy and sell decisions. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for XLV help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XLV Report.

The technical summary data tells us to buy XLV near 114.07 with an upside target of 117.51. This data also tells us to set a stop loss @ 113.74 to protect against excessive loss in case the stock begins to move against the trade. 114.07 is the first level of support below 117.08 , and by rule, any test of support is a buy signal. In this case, support 114.07 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of XLV as it gets near 117.51 with a downside target of 114.07. We should have a stop loss in place at 117.85though. 117.51 is the first level of resistance above 117.08, and by rule, any test of resistance is a short signal. In this case, if resistance 117.51 is being tested, so a short signal would exist.


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US : U.S.: NYSE Arca
$ 124.53
+0.46 +0.37%
Volume: 4.84M
May 10, 2021 2:30p

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