XLK Powers to $146.53 on Strong EMA Stack

XLK (XLK) closed up 0.16% at $146.53 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($145.01) with a bullish stack. The 21-day EMA at $144.83 provides support.
• Momentum: RSI at 57.8 is in neutral territory but trending higher. MACD is bullish (0.43 vs signal 0.22).
• Volatility: Bollinger Band width at 6.5% indicates low volatility.

Key levels to watch: Support at $140.17, Resistance at $149.65.