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Energy Sector Nears Multi-Year Resistance: Breakout Ahead?
CVXChevron(CVX) MarketBeat·2024-03-21 12:46

Key PointsThe energy sector quietly nears 52-week highs amid all-time highs in the U.S. market, indicating a pivotal moment.XLE demonstrates resilience with a 9.5% year-to-date increase, approaching a potential breakout near $93, attracting significant interest.Key sector players and the ETF's top three holdings, XOM, CVX, and SLB, show positive momentum.5 stocks we like better than SchlumbergerAs the U.S. market hovers near all-time highs, one sector has quietly surged higher and now stands at a critical j ...