Homebuilders Roar Back to Life
This commentary originally appeared Jan. 04 on Real Money Pro – Click here to learn about this dynamic market information service for active traders.
Homebuilders roared back to life in the fourth quarter, leading the upside in reaction to surprisingly resilient sales growth. But the group covered little new ground during the rally, simply regaining price levels that were lost in the summer decline. While the V-shaped action didn't trigger a big breakout, it generated technical improvement in the long-term patterns, which now point to even higher prices....628 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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