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Top 3 Stocks Driving the Industrial Sector's Anticipated Breakout
ETNEaton(ETN) MarketBeat·2024-06-10 19:15

Over the past week, the XLI ETF has been consolidating in a tight range, with its 20 and 50-day Simple Moving Averages (SMA) acting as resistance. A breakout above these levels could transform the ETF's daily chart from indicating a potential double-top to showcasing a bullish consolidation on the verge of a significant breakout. This setup indicates that the sector might be gearing up for a strong upward move if resistance turns into support soon. So, let's examine the sector and its ETF more closely and e ...