Energy sector: assessing breakout potential and key players

Key PointsThe energy sector ETF (XLE) is consolidating near its 200-day and 50-day SMAs, indicating a potential breakout might follow in the weeks ahead.XLE critical support is at $80, and major resistance exists between $90 and $93.Key sector players to watch for potential clues are Exxon Mobil (XOM), Chevron (CVX), and Schlumberger (SLB).5 stocks we like better than ChevronAs the overall market continues to ramp up and trade near all-time highs, one sector has quietly consolidated. The energy sector remai ...