XLE (energy sector ETF) outlook on September 1, 2014

After having its problems to go above the 100 mark a few weeks ago, XLE found support at its 100-day SMA and now looks all set to re-visit its yearly highs soon. The ETF’s strength is remarkable given the recent weakness in energy prices.

XLE_20140901

Chart courtesy of StockCharts.com. http://stockcharts.com

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