The Retail HOLDRS (RTH) recorded a 52-week high with help from Home Depot (HD). RTH broke above channel resistance in mid February and above its December highs this week. The indicator window shows both RTH and HD. Notice how HD also moved above its December high.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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