Industrial Select Sector SPDR Fund reached $99.13 after gaining 2.39% yesterday

26.02.2022

By Axiory Intelligence

Yesterday at a glance: after ending Thursday at $96.82, Industrial Select Sector SPDR Fund went up to $99.46 only to drop back, yet still traded well overall and closed at $99.13 yesterday.

Industrial Select Sector SPDR Fund has decreased 5.66% this year.

In terms of trend indicators, we can see that at $98.8, Industrial Select Sector SPDR Fund made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Industrial Select Sector SPDR Fund is hovering around the $99 Fibonacci resistance level. A study of Industrial Select Sector SPDR Fund's graph shows key levels to watch: Industrial Select Sector SPDR Fund could be slowing down soon as it approaches resistance at $101. Of course, crossing it might suggest further gains are ahead.

Overall, the technical analysis picture suggests Industrial Select Sector SPDR Fund is neutral for the immediate future, with no clear-cut direction.

A look at other markets also suggests an upside Johnson & Johnson went up sharply, gaining $7.86 (4.97%). This is the largest single-day gain seen recently. Berkshire Hathaway climbed by 3.56% ($10.96), its largest daily percentage gain since March 2021. Procter & Gamble gained $6.48 (4.27%), making this its largest daily gain since March 2020.

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