- Market bulls strengthened by lower Bollinger Band® currently at $131.94
Health Care Select Sector SPDR Fund has been losing ground for 4 days Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $132.4, Health Care Select Sector SPDR Fund is up to $133.16, which makes for a move of 0.57%/75.5 cents today.
The fund has been trending positively for about a month. Health Care Select Sector SPDR Fund has fallen back around 5.5% from the significant high of $140.1 set 4 months ago.
Health Care Select Sector SPDR Fund's lower Bollinger Band® is at $131.94, indicating that the market is oversold and fertile for new buyers.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Health Care Select Sector SPDR Fund to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Health Care Select Sector SPDR Fund is expected to pick up significant bullish sentiment in the coming days.
Fundamental indicators – highly important Average Hourly Earnings data from United States beat analyst expectations of 0.3% with a reading of 0.5%.
Health Care Select Sector SPDR Fund shows positive signs, other assets are also on par: Apple added 4.46% to its value, now trading at $173.19. Chevron is up 3.02%.
Meanwhile, Anheuser-Busch is down $2.39 from the beginning of the session and now trades around $63.51.