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Market Impact: 0.15
KXI Makes Bullish Cross Above Critical Moving Average
Source: Nasdaq
Consumer Demand & RetailMarket Technicals & Flows
The iShares Global Consumer Staples ETF (KXI) rose about 1.6% Monday and traded as high as $68.42, moving above its 200-day moving average of $68.06. The technical breakout is a mildly constructive signal for the global consumer-staples sector, though it is unlikely to have broad market impact.
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Overall Sentiment
mildly positive
Sentiment Score
0.25
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