Retail Composite Still Positive

10/23/2009 9:25 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The S&P Retail Composite Index made new highs last week and is up over 28% since the July lows. The RS chart shows that the index outperformed the S&P 500 from late February until late April. Recently, the index has just performed slightly better than the S&P. Long-term resistance is 10% above current levels.

Related Articles on STOCKS

Keyword Image
Conoco: A Breakout in Energy
09/21/2018 5:00 am EST

Our daily breakout stock ideas are most suitable for aggressive investors seeking ideal entry points...