Feb. 12, 2021, 10:48 p.m. EST

How to trade Health Care Select Sector Spdr $XLV With Risk Controls

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Feb 12, 2021 (Stock Traders Daily via COMTEX) -- The Health Care Select Sector Spdr /zigman2/quotes/205918244/composite XLV +0.35% report below can help you, but we have more details too. The trading plans for XLV, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, 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 113.56 with an upside target of 118.43. This data also tells us to set a stop loss @ 113.23 to protect against excessive loss in case the stock begins to move against the trade. 113.56 is the first level of support below 117.28 , and by rule, any test of support is a buy signal. In this case, support 113.56 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of XLV as it gets near 118.43 with a downside target of 113.56. We should have a stop loss in place at 118.77though. 118.43 is the first level of resistance above 117.28, and by rule, any test of resistance is a short signal. In this case, if resistance 118.43 is being tested, a short signal would exist.


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US : U.S.: NYSE Arca
$ 124.51
+0.44 +0.35%
Volume: 5.65M
May 10, 2021 3:07p

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