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Dow Jones U.S. Technology Sector Index Fund: Short Sell At $91.09

Published 03/19/2014, 01:05 AM
Updated 07/09/2023, 06:32 AM
From a technical view, the ETF has reached a new high two weeks ago but weekly technical indicators are showing divergence signs. Indeed, the weekly MACD is posting a bearish divergence while it is pushing below its signal line. Furthermore, the weekly RSI is capped by a key declining trend line which highlights decreasing upward momentum. On a relative basis against the IVV S&P500, the iShares Dow Jones U.S. Technology Sector Index Fund is pushing below its 20-day moving average which is turning down.

Trading strategy:

Short Sell at $91.09 - Stop loss at $93 - Target at $80.20.
Dow Jones Industrial Sector Fund Chart

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