EWRE has been in an upward channel vs. the S&P 500, and is currently near the bottom of the channel. That makes it an attractive buy today, especially after last week's extremely positive housing report that showed rents and property values rising and mortgage rates and inventory numbers falling.
The real estate sector made an upward cross of its MACD on the daily chart yesterday and appears headed toward the top of its parallel channel with good momentum. This sector is rated "market weight" by the analytics firms.
Since the EWRE equal weight real estate fund got its start in 2015, it has modestly outperformed the S&P 500. However, the sector faces...
