Home Investing Research Aerospace & Defense ETF (XAR) Testing Important Price Support

Aerospace & Defense ETF (XAR) Testing Important Price Support

Andrew Nyquist
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Aerospace & Defense ETF (XAR) Testing Important Price Support

The stock market has been uneven (to be sure) over the past few weeks. That said, some sectors have seen greater volatility than others.

One such sector is the Aerospace & Defense Sector ETF (XAR).

It has has seen a 3-week pullback that is now testing important support: its 200-day moving average.

Whether XAR rallies here or continues to decline (fails) will be important to traders. Stay tuned!

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Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.

I am an Investors Business Daily (IBD) partner and promote the use of their products. The entire platform offers a good mix of tools, education, and technical and fundamental data.

$XAR Chart

xar aerospace & defense sector trading price support chart july

Twitter: @andrewnyquist

The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

NOT INVESTMENT ADVICE
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Andrew Nyquist
Andy is the founder of See It Market. He has been actively investing for over 20 years with a strong focus on technical analysis and swing trading. His blogs, articles, and contributions have appeared on numerous websites, including Yahoo! Finance, Investors Business Daily, MarketWatch, Business Insider, and Investing.com to name a few. Andy has also been a guest on Sirius-XM "Behind The Markets" and Fox talk radio, and has been interviewed and cited across several media outlets. In addition to founding and managing See It Market, Andy enjoys actively investing, playing and watching sports, and spending time with friends and family - especially his wife and three children. Andy recently ended a long stint as a Vice President in the financial services industry to focus on See It Market and private trading. He is a 1998 graduate of Carleton College and resides in the Minneapolis area.