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XRT Below The Gator

Posted by StockBuz on May 7, 2014 at 5:38pm in Sectors and Short Setups

A few weeks ago I commented on how retailers needed to hold their 50wk SMA which had been seriously long term support.  Oops!  Yes, now XRT is now trading beneath ALL of it's major moving daily averages (20d, 50, 100d and 200d).

Fellow member GT would call stocks with these moving averages together in one, tight zone "the gator".

I call it wonderful resistance.  I am short RTH with a (3-6 mos) target of last Summers low.  Not saying it will plummet however I will take partials along the way and cover above the "gator"

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Tags: retail, rth, xrt
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