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March 05, 2023
A quick look at Friday: Consumer Staples Select Sector SPDR Fund recovered back to $72.52 after dipping down to $71.87, in a session that followed Thursday's $72.48 close value.
Consumer Staples Select Sector SPDR Fund made an initial breakout above its 5 day Simple Moving Average at $72.27, a potential indicator of a newly emerging bullish phase. Consumer Staples Select Sector SPDR Fund's upper Bollinger Band® is at $74 and the lower is $71.76. Consumer Staples Select Sector SPDR Fund is climbing away and is now 92 cents from the $71.6 support line.
Despite muted price action in Consumer Staples Select Sector SPDR Fund, chart analysis indicates it is positioned for a bullish run in the short term.
While Consumer Staples Select Sector SPDR Fund was pretty flat Friday, mixed performances were seen elsewhere as Meta Platforms added 6.14% and closed around $174.53 Friday. Stryker leaps up 3.6% Friday and closed at $262.09. Apple is trading around $151.03 after ending Friday's session at $145.91 (up 3.51% today).
All in all, the fund has been on a negative trend for around 30 days. Consumer Staples Select Sector SPDR Fund has shed 4.83% over the past three months.
