Transports Up 48%

04/29/2009 10:21 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The Dow Jones Transports, after making significant new lows in March, have rallied 48% from the lows. The Transports were down sharply Monday, but there are no signs yet of a top. There is a band of resistance at 3300-3500, with the 50% retracement and 200-day MA at 3700-3850. There is first good support at 2700.

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