The Retail SPDR (XRT) surged to another 52-week high today with strength coming from the retail apparel group. Candleglance chart groups for over 50 industries can be found at the top of the third column on the FreeCharts page. This snapshot from the Retail-Apparel group shows Abercrombie & Fitch (ANF) leading today's charge.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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