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Retail Stocks Look Unshaken



July 26, 2011 – Comments (0) | RELATED TICKERS: RTH , HD , TJX

The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE:RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels.

Some leading retail stocks that are holding up well this morning include Home Depot Inc.(NYSE:HD), Costco Wholesale Corp.(NASDAQ:COST), and TJX Companies Inc.(NYSE:TJX). These stocks are showing good intra-day relative strength, therefore, should the major stock indexes catch a bid higher these stocks could start to lead the markets higher.

Nicholas Santiago

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