Wireless Acting Well

03/18/2009 2:00 pm EST


Thomas Aspray

, Professional Trader & Analyst


The relative performance breakout of the telecom sector was noted in the latter part of 2008, and this year, the wireless group has been the strongest part of the sector, up around 27% so far. The weekly downtrend in the 100 area could cause a meaningful correction and take the RS back to its MA.

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