The following are the pivot points for the Energy Select Sector SPDR. Pivot High: $90.885, Pivot Low: $89.76. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on XLE:
- Energy Select Sector SPDR: Pivot points
- Geopolitical Tensions in the Middle East Rattle Oil Markets
- Middle East Tensions Ignite Energy Stocks: XOM, CVX, and Others Surge
- Largest borrow rate increases among liquid names
Questions or Comments about the article? Write to editor@tipranks.com