novvoll12

IYT $155.87: Consolidates near critical support zone

AMEX:IYT   ISHARES TRANSPORTATION AVERAGEETF
IYT
11 0 0
iyt
IYT             rebounded off 152.03 (April 6, 2015) back above the 154.02/154.02 3-1/2 month range support area to rally to 160.29 (April 23, 2015) before ranging. While the 153.39/154.02 support zone holds dips, there is scope for further upside. A clean break back above the 157.39/158.48 moving average resistance levels would signal return of strength and open 160.29. Clearing the latter would confirm extension of the 4-week upleg to open 165.00 (March 20, 2015 high) near the range ceiling. Only a decisive breakdown below 150.23 would signal topping.
Outlook:
Short term: neutral
Long term: bullish while above 153.39/154.02

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out