SPDR Select Sector Fund – Energy Select Sector Stock Code XLE.NYS
Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remained in a bullish crossover. Lagging Span is below price of 26 days ago but is inside the cloud at the moment. MACD has bearish crossover and is hinting at a bearish price trend. If price stays below the cloud, it could be heading towards the previous support at $80.05 in the next 2-3 weeks.
$80.05 Price Target
$88.90 Risk Management Stop
3 weeks Trade Duration