State Street Energy Select Sector SPDR ETF (XLE)

State Street Energy Select Sector SPDR ETF is trading at $68.24, up 2.52% on the session. The 50 day average sits at $62.67 and the 200 day at $57.05, which puts the stock in a uptrend. RSI is at 61.5, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $63.38 with resistance near $66.17, so that band frames the current range. Average daily movement is roughly $1.30, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 85 out of 100 combines a trend score of 97, momentum of 76 and a risk score of 77.

In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.