Friday, January 20, 2017 9:19:21 PM
Healthcare Remains an Enigma BY ART HILL
The HealthCare SPDR (XLV) is a difficult call because a few choice words could send the sector lower. It is also the weakest of the nine sectors and this means there are better choices out there right now. On the price chart, the 50-day EMA is just below the 200-day EMA, but the ETF is trading right at both EMAs. There is a slight uptrend since the November low and I am watching the breakout near 70 quite closely. A close below 69.8 would call for a re-evaluation.
The HealthCare SPDR (XLV) is a difficult call because a few choice words could send the sector lower. It is also the weakest of the nine sectors and this means there are better choices out there right now. On the price chart, the 50-day EMA is just below the 200-day EMA, but the ETF is trading right at both EMAs. There is a slight uptrend since the November low and I am watching the breakout near 70 quite closely. A close below 69.8 would call for a re-evaluation.
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