XLV Rallies to $156.05 on Bullish EMA Alignment
BullishXLV (XLV) closed up 0.16% at $156.05 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($154.94) with a bullish stack. The 21-day EMA at $153.82 provides support.
Momentum
RSI at 58.3 is in neutral territory but trending higher. MACD is bearish (1.15 vs signal 1.19).
While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.