Another year end pick – Buy iShares Dow Jones US Home Construction (ITB) January 2, 2011
Posted by Marlowe Cassetti in ITB.trackback
Despite a slow Friday in the market, RSI picks another fund today to round out this good market year. The pick is:
- Buy 656 shares iShares Dow Jones US Home Construction (ITB); Stop = -$1.52 Target = +$4.57 Volatility = 4.62%
The month of December witnessed strong price appreciation in ITB. It has consolidated over the past few days and this may be a good opportunity to enter this trade. The money flow indicates that there is good interest in this sector.
I hope everyone had a great holiday season … not back to work. Catch you later.
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