'We want to be overweight consumer discretionary,' investor says — these are her top stock picks $XLY (via TradingNation)
would be another one — and can in fact grow in the face of people sort of staying away from stores."
"It's moving up, and it's moving up towards its 200-day moving average," he said in the same "Trading Nation" interview, referring to the XLY's chart. The XLY closed at $114.44 on Tuesday. If the XLY can break above its 200-day moving average — $118.46 as of Tuesday's close — old support could very well become new resistance, Maley said.
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