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Upside Target Met In SPDR Industrial Sector ETF (XLI)

Posted on: Wednesday, September 20th, 2017

The SPDR Industrial Sector ETF (XLI) met our $70.30 per share upside target today, first mentioned in our August 25th Asbury Alert entitled Industrial Sector SPDR (XLI) Poised To Resume Its 2016 Advance (access requires subscription), to capture a $2.68 per share, 4% advance in a little less than a month.

XLI outperformed the S&P 500 (SPX) by 1.5% during the same period.

Note that price targets being met do not necessarily mean that the directional move is over — only that our initial expectations have been met.

Here is the chart that appeared in our August 25th report.

XLI: December 2016 to August 25th

Here is the updated version of that chart through this morning.

XLI: December 2016 to September 20th

 

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  3. to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.

 

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