Telecom Leads

12/09/2008 11:06 am EST


Thomas Aspray

, Professional Trader & Analyst


The Dow Jones Telecom Index closed with nice gains Monday, and this group has been outperforming the market since the October lows. This was confirmed by the break of the downtrend in the RS chart on October 24th. The group has strong resistance and the 200-day MA in the 135 area. Key support is at 91.

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