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Benzinga
Benzinga
Business
Mark Putrino

Is This ETF Ready To Rally?

ETF NYSE Mining

There’s a chance that the SPDR S&P Metals and Mining ETF (NYSE:XME) may be about to rally. And it’s because of seller’s remorse.

As you can see on the chart below, the important $48 price level was a resistance level. Each time XME reached it, the sellers put a ceiling on the price.

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