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ITMS

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Tuesday, 01/17/2012 9:59:12 AM

Tuesday, January 17, 2012 9:59:12 AM

Post# of 784
Home Building Stocks Approach The Ceiling


Believe it or not, the home building stocks have been surging higher since October 4, 2011. Since that time, this sector has climbed higher by 50 percent. Many leading home-builder stocks have rallied even higher. On October 4, 2011 the SPDR S&P Home-builders ETF (NYSE:XHB) was trading as low as $12.21 a share. Last week, the XHB closed at $18.43 a share. This is a terrific rally for a sector that is supposed to be depressed. This week we shall examine three leading home-builder stocks and find the near term resistance levels. ...Continue reading here: http://bit.ly/xYWc0i
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