Buyers Accumulating Shares of Retail HOLDRs Trust on 1.2x Above-Average Volume (RTH)

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(via COMTEX News Network)--

Shares of Retail HOLDRs Trust RTH are trading up 0.3% to $111.38 today on above average volume. Approximately 930,000 shares have traded hands today vs. average 30-day volume of 746,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of RTH to see if this bullish momentum will continue.

SmarTrend currently has shares of Retail HOLDRs Trust in an Uptrend and issued the Uptrend alert on June 29, 2011 at $107.92. The stock has risen 2.9% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.17%.

In the past 52 weeks, shares of Retail HOLDRs Trust have traded between a low of $86.40 and a high of $114.38 and are now at $111.28, which is 29% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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Posted In: Press Releases
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