Don't Ignore This Chart

« Previous Article | Top | Next Article »

XSD Tests Breakout with Bullish Continuation Pattern

The Semiconductor SPDR (XSD) is consolidating within an uptrend as broken resistance turns first support in the 51 area. A small wedge or pennant formed the last five weeks and a break above 54 would signal a continuation higher. The indicator window shows XSD relative to SPY. Notice how XSD underperformed from January to October 2012 and then outperformed from October to June.

130627xsd
Click this image for a live chart

« Previous Article | Top | Next Article »

Other StockCharts Blogs

Subscribe to this blog