The charts say this energy stock is showing signs of leadership that must be respected

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Breaking News: Markets News

Markets,Energy Select Sector SPDR Fund,Marathon Petroleum Corp

One of the best performing stocks in the underperforming energy sector looks ready for another potential up leg, according to the charts.

The Energy Select Sector SPDR ETF has underperformed the S & P 500 thus far in 2024, but with a year-to-date gain of about 8.5%, it's actually the fifth best sector out of 11. And within the sector, a number of components have displayed distinct relative strength. One of its best holdings over the last 12 months has been Marathon Petroleum . MPC has had quite a ride over the last year. From the closing low in May 2023 to its recent closing high on April 5, it gained a whopping 109%.

Click here for the full disclaimer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines