ETF Tech Brief | Mixed technical outlook for Health Care Select Sector SPDR Fund as prevailing uptrend begins to slow

• The CCI indicator stands above +100
• Bollinger analysis indicates upper Band® is at $133.12

While Health Care Select Sector SPDR Fund is on a 3 day uptrend Today's session might suggest a slow down — Health Care Select Sector SPDR Fund trades at $132.21, after ending Friday at $132.22.

Health Care Select Sector SPDR Fund now trading 5.04% above its 3-month low of $121.11.

Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Health Care Select Sector SPDR Fund price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that Health Care Select Sector SPDR Fund's upper Bollinger Band® is at $133.12, suggesting that a downward move may follow.

Notwithstanding Health Care Select Sector SPDR Fund's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

While Health Care Select Sector SPDR Fund is pretty flat so far today, mixed performances are seen elsewhere as Toyota is down $3.83 from the beginning of the session and now trades around $164.35. Having closed the previous session at $64.67, Bristol-Myers Squibb Company is up 2.3% today to currently trade at around $66.16. Walt Disney is down to $91.32, losing $1.62, after closing at $92.94 in the preceding trading session.

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