TLT: Now Most Oversold In 7-Years Creates Bullish Wick
Chris Kimble | Oct 13, 2013 12:26AM ET
If the ole investment idea of "Buy Low & Sell high" still works, this asset might get some attention.
Does a 25% decline and momentum reaching the most oversold levels create any interest? It sure gets my attention! The iShares Barclays 20+ Year Treasury ETF, (TLT), has had a rough go since mid 2012.
The decline has momentum very oversold to the deepest levels since 2006; TLT may have created a "Weekly Double Bottom" and a bullish wick this week.
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