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Benzinga
Benzinga
Business
Mark Putrino

Is The Rebound Over Already?

NYSE XLK ETF

The Technology Select Sector SPDR Fund ETF (NYSE:XLK) tracks the tech sector of the market. It has run into resistance, which means the stage may be set for the rebound to end or pause.

In early March, $141 was a support level for XLK. A large number of investors bought it then and at that price.

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