XLK Rides Bullish EMAs Higher to $146.53
BullishXLK (XLK) closed up 0.16% at $146.53 on December 29.
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 $144.75 provides support.
Momentum
RSI at 60.5 is in neutral territory but trending higher. MACD is bullish (0.43 vs signal 0.21).