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XLV Broke the $70 Jinx: It's Working to Reach a 3-Month High

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Part 4
XLV Broke the $70 Jinx: It's Working to Reach a 3-Month High PART 4 OF 5

XLV’s Holdings: How Are the Moving Averages Trending?

Moving averages of XLV’s holdings

The Health Care Select Sector SPDR ETF (XLV) holds 57 stocks in its portfolio. As of May 31, 2016, 178 of XLV’s stocks were trading above their 20-day moving averages, 25% were trading above their 50-day moving averages, and 26% were trading above their 100-day moving averages.

XLV&#8217;s Holdings: How Are the Moving Averages Trending?

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The above graph shows the percentage of XLV’s holdings trading at different moving averages on May 31, 2016. Out of XLV’s 57 stocks, ten were trading above their 20-day moving averages, 14 were trading above their 50-day moving averages, and 15 were trading above their 100-day moving averages.

What’s XLV’s moving average trend?

On May 31, 2016, XLV closed at $71.35. It managed to trade above its 20-day, 50-day, and 100-day moving averages. As of May 2, 2016, XLV’s 20-day moving average was $70.40. As of May 31, 2016, XLV’s 20-day moving average was at $69.9. This indicates a downward trend.

Few XLV stocks are trading above the 20-day moving average

AmerisourceBergen (ABC), Cigna (CI), Johnson & Johnson (JNJ), and Eli Lilly (LLY) are some of the XLV’s ten stocks that are trading above their 20-day moving averages. We’ll see how each of these stocks is trending at the 100-day moving averages—compared toot May 2, 2016.

  • 100-day moving average – AmerisourceBergen’s 100-day moving average as of May 2, 2016, was at $91.10. As of May 31, 2016, it’s 85.80. For the same period, Cigna’s 100-day moving average price was $138.40. Now, it stands at $135.8. Johnson & Johnson’s 100-day moving average was $105.1. Now, it stands at 107.20. Eli Lilly’s 1oo-day moving average was $77.30. As of May 31, 2016, it stands at $75.40. Only Johnson & Johnson showed an upward trend. The other stocks showed a downward trend.
  • 20-day moving average – AmerisourceBergen’s 20-day moving average as of May 2, 2016, was at $87.90. As of May 31, 2016, it’s 76.10. For the same period, Cigna’s 20-day moving average price was $137.3. Now, it stands at $130.3. Johnson & Johnson’s 20-day moving average was $111.30. Now, it stands at 113.30. Eli Lilly’s 20-day moving average was $75.90. As of May 31, 2016, it stands at $75.60. Again, only Johnson & Johnson showed an upward trend. The other stocks showed a downward trend.

Moving averages help investors identify price trends and compare stocks’ current prices with different moving average prices. This helps investors identify support and resistance levels. It helps investors make informed investment decisions.

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