Power Up Your Portfolio With PXI

By Sam Collins,

Shutterstock photo

PowerShares Dynamic Energy Sector ETF (NYSE: PXI ) - This exchange-traded fund (ETF) seeks results that correspond to the price and yield performance, before fees and expenses, of the Dynamic Energy Sector Intellidex Index. Its holdings include companies that are engaged in the production and distribution of energy products. This includes oil services, pipelines, and solar, wind and other non-oil-based energy.

For more than six months, PXI has led a long list of other energy-related ETFs. Since August, it has run from $28 to $37, and if energy prices continue to move higher, it is likely that PXI will follow suit.

Technically, PXI is in a powerful bull market. Note the recent increase in volume. Because of the sharp angle of the current advance, long-term buyers may want to buy a half position now and add to it on a pullback to the bullish support line at $35.

Trade of the Day - PXI Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: ETF , PXI

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