Health Care Select Sector SPDR Fund's prevailing uptrend now faces a challenge at $131.26 as resistance

• Health Care Select Sector SPDR Fund drawing closer to significant resistance at $131.26 with potentially further upside ahead
• The lower Bollinger Band® is currently at $127.04 while the higher band is at $132.48

Keeping up its 4 days of climbing (+$1.23), It was more of the same for Health Care Select Sector SPDR Fund yesterday — generally flat but with a slight bullish bias, Health Care Select Sector SPDR Fund ranged between $129.84 and $130.92 before closing higher at $130.89.

The past 3 months have been positive for Health Care Select Sector SPDR Fund as it added 4.47% compared to its 3-month low of $119.89.

Health Care Select Sector SPDR Fund chart analysis: Health Care Select Sector SPDR Fund is 37 cents away from testing key resistance at $131.26. Peaking above this level could inspire market bulls and open the path to further gains. Trend analysis indicates that Health Care Select Sector SPDR Fund made an initial breakout above its 200 day Simple Moving Average at $130.89, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $132.48, thereby suggesting that Health Care Select Sector SPDR Fund is becoming overvalued.

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

Fundamental indicators – United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%.

Health Care Select Sector SPDR Fund shows positive signs, other assets are also on par: notably, Intel rose 5.52% yesterday and closed at $31.34. Oracle jumps 6% yesterday and closed at $109.85. Pfizer is trading around $39.9 after ending yesterday's session at $38.97 (up 2.39% today).

Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released tomorrow at 14:30 UTC.