Energy Sector ETFs Are Breaking Out

Markets ETF Trends

After touching a low back in August, energy sector ETFs have surged, breaking back above its long-term trend lines. The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, jumped 9.6% over the past month and is now trading above its 200-day simple moving average. However, technical traders would note that [...]Click to read more at ETFtrends.com.

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