Material Stocks Reaching Support
07/13/2009 11:53 am EST
The materials sector has corrected sharply, leaving many stocks close to good chart and retracement support. CCJ is getting close to good chart and retracement support in the $21-$22 area and a break below $19 would be negative. Next upside target is in the $35 area. For more analysis on the materials stocks, sign up for this week's Trading Lessons e-letter.