Retail Stocks Lose Momentum
Throughout 2013, the leading retail stocks have been very strong. This leading industry group seems to be a little weak today. One of the leading retail stocks that are coming under some selling pressure today is Bed Bath & Beyond Inc (NASDAQ:BBBY). Today, BBBY stock is trading lower by $1.43 to $67.69 a share. Short term day traders should watch for intra-day support around the $67.00 level. Swing traders will want to watch for daily chart support around the $64.00 level.
Some other leading retail stocks that are trading lower today include lululemon athletica inc (NASDAQ:LULU), Target Corp (NYSE:TGT), and Lowe's Cos (NYSE:LOW). Traders can usually track the retail sector by following the Market Vectors Retail ETF (NYSEARCA:RTH). Today, the RTH is trading lower by 0.16 cents to $52.66 a share.