Technical trade #5: SPDR S&P Homebuilders ETF (XHB) - Sam Collins

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Technical trade #5: SPDR S&P Homebuilders ETF (XHB)
Oct 11, 2009 04:00 PM UTC

Sam Collins

Return	Risk
+2.83%	LOW

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Symbol	Sentiment	Start	Return	Closed
XHB		10/11/09	-4.95%	--

Via BloggingStocks:

Filed under: Technical Analysis, Stocks to Buy

spdr technical analysis The SPDR S&P Homebuilders ETF (NYSE: XHB) bottomed in March and made a direct run to the 200-day moving average by the end of April.

In mid-July, it executed a gold cross, which indicated that its long-term trend was about to change. By early August, it had broken the high of July, establishing an uptrend.

Since then it has been trading within a bull channel, but recently broke the 50-day moving average (blue line) suggesting that XHB will head for the support line and 200-day moving average at around $12.50.

Continue reading Technical trade #5: SPDR S&P Homebuilders ETF (XHB)

Technical trade #5: SPDR S&P Homebuilders ETF (XHB) originally appeared on BloggingStocks on Sun, 11 Oct 2009 11:00:00 EST. Please see our terms for use of feeds.

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