Wednesday, May 23, 2012

Retail Is A Mixed Bag Of Tricks

Many traders and investors follow the retail sector very closely as a gauge of economic activity. This morning, the retail stocks are very mixed, some leading retail stocks are trading higher and some others are trading lower. The popular Retail Holders Trust (NYSE:RTH) is trading lower by 0.06 cents to $113.16 a share. Traders can watch for intra-day support around the $112.20, and $111.75 areas.

Some leading retail stocks that are declining this morning include Costco Wholesale Corp (NASDAQ:COST), TJX Cos Inc (NYSE:TJX), and Lululemon Athletica Inc (NASDAQ:LULU). Trader must follow each individual chart as these stocks seem to be trading in their own universe today and not with each other.

Nicholas Santiago
InTheMoneyStocks.com



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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
Nicholas Santiago

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