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Retail Under Early Pressure

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January 30, 2012 – Comments (0) | RELATED TICKERS: WMT , NKE , TGT

Most of the leading retail stocks are coming under early selling pressure. The Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by $1.31 to $116.25 a share. This tells us that the majority of leading retail stocks are declining at the start of the day. Traders can watch for intra-day support around the $115.50, and $114.25 levels.

Some leading retail stocks that are actually trading positive this morning include Nike Inc (NYSE:NKE), Target Corp (NYSE:TGT), and WalMart Stores Inc (NYSE:WMT). It is important to note that all of these stocks are just slightly positive on the day. Most other leading retail stocks are declining lower this morning.

Nicholas Santiago
InTheMoneyStocks.com

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