Nonferrous Metals Acting Strong

07/17/2009 9:05 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The weekly chart of the nonferrous metals group shows that the weekly RS turned positive earlier in the year, and now, after correcting to the 38% support level, has rallied sharply this week. The daily corrective formation has been completed, with next upside targets at 450. For more on the materials stocks, check out this week's Trading Lessons article and sign up to receive the bi-weekly e-letter.

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