Equity Oracle: 04/04/14


On March 28th an alert went out to buy XLU at 40.92. The stock has since gone up but it is now showing signs of a possible pullback. I don’t want to turn this winner into a loser so I think it’s best for us to take our profits and run. There was a bearish engulfing pattern that showed up on Wednesday and today (Friday) we are seeing an inverted hammer pattern, which is bearish.

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