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Add as a preferred source on GoogleTechnology ETF Closes Below Uptrend as Kramer Warns of Further Losses
The Technology Select Sector SPDR Fund (XLK) finished Wednesday, Oct. 14, beneath its rising trend line as technology shares came under renewed pressure.
U.S. technology stocks faced renewed pressure Wednesday, Oct. 14, and the Technology Select Sector SPDR Fund (XLK) finished the session below its rising trend line. Analyst Michael Kramer warned that further losses could follow the break.
The signal was based on the fund’s closing level. Kramer’s warning described a possible next move, not a confirmed decline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.