Use access key #2 to skip to page content.

inthemoneystock (< 20)

Retail Stocks Finally Pause

Recs

0

March 15, 2012 – Comments (0) | RELATED TICKERS: RTH , HD , TGT

The retail sector has been extremely strong since late December 2011. The Market Vectors Retail ETF (NYSEARCA:RTH) has surged higher by more than $4.00 since that time. This morning, the RTH is declining lower by just 0.08 cents to $41.23 a share. Short term traders should watch for intra-day support around the $41.00, and $40.50 levels. The uptrend on the daily chart remains intact for the RTH at this time.

Some leading retail stocks that are trading lower today include Home Depot Inc (NYSE:HD), Costco Wholesale Corp (NASDAQ:COST), and Target Corp (NYSE:TGT). All of these stocks still remain strong on the daily chart despite the small intra-day pullback.

Nicholas Santiago
InTheMoneyStocks.com

0 Comments – Post Your Own

Featured Broker Partners


Advertisement