XLV trades technical so it is going to be a good play when it gains/loses MA/indicator support.
On 7/27/17, I found this chart. It is already set up for a fall... all it needs is to lose the 20 MA support. I am trading this on the daily chart and looking for swing trades only.
I'm looking at the price to get under the 20 MA and I'll trade between the MA's from there with tight stops. My first stop will be around $.50 above the execution price.
The MACD, RSI, and SQZMOM have turned down. I'm looking for a minimum of $1 gain and maximum $6.
On 7/27/17, I found this chart. It is already set up for a fall... all it needs is to lose the 20 MA support. I am trading this on the daily chart and looking for swing trades only.
I'm looking at the price to get under the 20 MA and I'll trade between the MA's from there with tight stops. My first stop will be around $.50 above the execution price.
The MACD, RSI, and SQZMOM have turned down. I'm looking for a minimum of $1 gain and maximum $6.