Friday, May 8, 2015

Hot Sector of the Day -- Industrials ($XLI)

Looking at a chart of the industrials, you can see an obvious breakout. More conservative investors would want to wait for confirmation. This breakout gives us a target of $75.

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(Updated chart)

Major components of the XLI include General Electric ($GE), 3M Co. ($MMM), Union Pacific ($UNP), United Technologies ($UTX) and Boeing ($BA).

Don't buy something just because a guy on the Internet likes it. Do your own due diligence.

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