Retail Stocks Continued To Climb Tuesday
Nicholas Santiago | Aug 07, 2012 12:37AM ET
This morning, the leading retail stocks all traded higher to start the day. The important and highly followed Market Vectors Retail ETF (RTH) traded higher by 0.20 cents to $43.35 a share. The RTH should have some intra-day resistance around the $43.50, and 43.85 levels. The daily chart of the RTH remains in an up-trend by trading above the daily chart 50, and 200 moving averages.
Some leading retail stocks that are trading higher today include Dollar Tree Inc (DLTR), Costco Wholesale Corporation (COST), and Target Corporation (TGT) to name a few. At this time, most retail stocks are trading along with the major stock indexes. Should the stock indexes start to decline the retail sector could come under some selling pressure.
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