Retail Is A Mixed Bag Of Tricks
Many traders and investors follow the retail sector very closely as a gauge of economic activity. This morning, the retail stocks are very mixed, some leading retail stocks are trading higher and some others are trading lower. The popular Retail Holders Trust (NYSE:RTH) is trading lower by 0.06 cents to $113.16 a share. Traders can watch for intra-day support around the $112.20, and $111.75 areas.
Some leading retail stocks that are declining this morning include Costco Wholesale Corp (NASDAQ:COST), TJX Cos Inc (NYSE:TJX), and Lululemon Athletica Inc (NASDAQ:LULU). Trader must follow each individual chart as these stocks seem to be trading in their own universe today and not with each other.