Home > Boards > Other Markets > ETFs > Ishares Dow Jones US Home Con (ITB)

The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
ITMS Member Profile
Member Level 
Followed By 45
Posts 1,500
Boards Moderated 1
Alias Born 10/13/09
160x600 placeholder
ITMS Member Level  Tuesday, 12/11/18 12:30:28 PM
Re: None
Post # of 17 
The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has been under sharp selling pressure since peaking in late January 2018. At that time, the equity traded as high as $46.56 a share, today the ITB trades at $30.83 a share. The current pattern on the charts is still weak and this could indicate a bit more downside before a solid low is formed. When I look back on the larger time-frame charts there should be good support around the $28.00 level. This support area is where the ITB consolidated in 2015 and 2016 before breaking out. Often, when an equity will back test a prior consolidation base it will serve as excellent chart support.




Nick Santiago
InTheMoneyStocks

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist