Wednesday, November 26, 2014

Retail Stocks Nose Dive Lower

Until about four trading days ago the important retail sector was leading the industry group in the stock market.. This morning, the retail sector is leading the major stock market indexes lower. The important Market Vectors Retail HOLDRS ETF (NYSEARCA:RTH) is trading lower by 0.38 cents to $41.34. This ETF will have intra-day support around the $40.85 area.

Most leading retail stocks are dropping sharply today after Fossil, Inc. (NASDAQ:FOSL) reported earnings and guided lower for the next quarter. Some leading retail stocks that are coming under selling pressure include Lululemon Athletica inc. (NASDAQ:LULU), The Gap Inc. (NYSE:GPS), and Abercrombie & Fitch Co. (NYSE:ANF). All of these stocks should have further downside in the near term.

Nicholas Santiago
InTheMoneyStocks.com



[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]

Tags: , , ,



| More

Related Articles

Leave a Reply

Back to Top

Social Media Profiles

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo