Energy Sector ETFs Are Breaking Out

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