novvoll12

IYT $155.87: Consolidates near critical support zone

AMEX:IYT   ISHARES TRANSPORTATION AVERAGE ETF
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

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out