Materials Select Sector SPDR closing in to resistance
Shares of Materials Select Sector SPDR Fund are trading very close to calculated resistance at $40.72 with the current price action closing at just $39.42 placing the stock near levels that make it difficult to buy.
Shares of Utilities Select Sector SPDR Fund closed the trading session at $33.50 near its 50 day and 200 day moving averages currently set at $33.06 and $32.38 respectively.