Blue Chip Daily Chart of the Week

Blue Chip Daily Chart of the Week:
SPDR Regional Banking ETF, KRE
Close: 67.30
Stop level for position traders and investors: 57.15
please see chart analysis below

  • SPDR Regional Banking ETF (KRE), and the leading stocks in the Regional Banking sector, are one of our top technical ideas coming into the week.
  • KRE is in a technical uptrend above the rising 20, 50, 100 and 200-day moving averages, indicating an uptrend on multiple time frames.
  • KRE recently pulled back 6.3% off of all-time highs and held at the rising 20-sma.
  • Regional banks CFG, FITB, RF and USB are also set up well on their charts.
  • KRE went onto our Members Weekly Best Ideas ETF List on 10/25/20, has been on for 21 weeks in a row since and is +59% since.
  • KRE and FITB also went onto our Members Chart of the Day List on 11/3/20, and is +52% since then. (please see the screenshot below)
  • Disclosure: I am currently long KRE as well.

Have a great week,

Larry Tentarelli
Disclaimer – Blue Chip Daily Trend Report

FITB and KRE Chart of the Day Post on 11/3/20.











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