Retailers Acting Well

04/13/2009 10:51 am EST


Thomas Aspray

, Professional Trader & Analyst

Once of the surprisingly strong groups since the March lows has been the retailers as the RS line broke out to multi-year highs in late February and still looks strong. Home Depot is up 44% from its recent closing low. The trading channel resistance is at $28 and further resistance is in the $30.50 area.

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