AMEX:ITB   ISHARES U.S. HOME CONSTRUCTION ETF
10 0 2
The On Balance Volume indicates that there is strong buying pressure relatively recently. Further, the MACD and RSI are in optimal range for a breakout. Notice the consolidation of volatility and an increasing slope of higher lows to form somewhat of a wedge pattern. Finally, the fundamentals indicate strong confidence in housing, for the first time in years.
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