Retail Under Early Pressure
Most of the leading retail stocks are coming under early selling pressure. The Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by $1.31 to $116.25 a share. This tells us that the majority of leading retail stocks are declining at the start of the day. Traders can watch for intra-day support around the $115.50, and $114.25 levels.
Some leading retail stocks that are actually trading positive this morning include Nike Inc (NYSE: NKE), Target Corp (NYSE: TGT), and WalMart Stores Inc (NYSE: WMT). It is important to note that all of these stocks are just slightly positive on the day. Most other leading retail stocks are declining lower this morning.
Nicholas Santiago
InTheMoneyStocks.com
Originally posted here.
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