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March 12, 2021, 9:01 p.m. EST

What Health Care Select Sector Spdr $XLV is Telling us About its Future

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Mar 12, 2021 (Stock Traders Daily via COMTEX) -- The next move in a stock's price is often identifiable in advance. This Health Care Select Sector Spdr /zigman2/quotes/205918244/composite XLV +0.55% report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for XLV make these observations actionable, but the data on this page is not real time. If you want a real time update, or 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 113.05 with an upside target of 117.77. This data also tells us to set a stop loss @ 112.72 to protect against excessive loss in case the stock begins to move against the trade. 113.05 is the first level of support below 114.6 , and by rule, any test of support is a buy signal. In this case, support 113.05 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of XLV as it gets near 117.77 with a downside target of 113.05. We should have a stop loss in place at 118.11though. 117.77 is the first level of resistance above 114.6, and by rule, any test of resistance is a short signal. In this case, if resistance 117.77 is being tested, so a short signal would exist.


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US : U.S.: NYSE Arca
$ 123.90
+0.68 +0.55%
Volume: 4.69M
May 18, 2021 2:04p

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