Retailers (RTH) At Important Cusp
Here are the top 10 holdings of the Retail Holders Trust ETF (RTH).
Wal-Mart Stores, Inc. Common St WMT 17.76 Home Depot, Inc. (The) Common S HD 13.44 Amazon.com, Inc. AMZN 12.69 Walgreen Co. Common Stock WAG 7.23 Target Corporation Common Stock TGT 6.97 Lowe's Companies, Inc. Common S LOW 6.65 Costco Wholesale Corporation COST 5.78 TJX Companies, Inc. (The) Commo TJX 4.79 CVS Caremark Corporation Common CVS 4.57 CVS Caremark Corporation Common CVS 4.57
Now, note key support (former resistance) area of the RTH at the moment: horizontal support and at the 50 sma (yellow line). Many of the stocks in the above list have a similar pattern.