Sunday, April 13, 2008

XLV Update for 04.13.2008

SELECT SECTOR SPDR HEALTH CARE SECTOR ETF - XLV

Monthly chart shows price stuck in consolidation range. No buy signal/pattern evident as of yet on this timeframe.

Weekly chart shows selling pressure as the bears managed to stop the bulls from taking price higher last week.

Daily chart shows resistance off the 34ema. The bears gapped down the price at the open of Friday's trading session, taking back any gains of the week.

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