Morpheus Trading: SPDR S&P Retail ETF (NYSEARCA:XRT) has formed a bullish, 11-week consolidation, with most of the action holding above the rising 10-week moving average.
Last week’s bullish reversal candle on a pick up in volume is also a clear sign of support. As such, look for $XRT to breakout to new highs in the near-term. Here’s the weekly chart of $XRT:
On the shorter-term daily chart of $XRT below, we see that the 20-day EMA has crossed above the 50-day MA, and the 200-day MA is in a strong uptrend.
There is also a higher “swing low” within the base, which was created by last week’s “undercut” of the 50-day MA. All these factors confirm a valid uptrend is already in place.(...)Click here to continue reading the original ETFDailyNews.com article: The Technicals Are Bullish For This Retail ETFYou are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
- The Technicals Are Bullish For The Guggenheim Solar ETF
- Technicals Are Looking Strong For The PowerShares Aerospace & Defense ETF (PPA)
- Extremely Bullish Signs For This Water ETF
- United States Natural Gas Fund, LP May Be Forming A Bullish Double Bottom Pattern
- A Bullish Signal For The Market Vectors Semiconductor ETF (SMH)
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here