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dorfmanmaster

Retail breaking out

SPDR S&P Retail ETF (AMEX:XRT)  
dorfmanmaster  
AMEX:XRT   SPDR S&P Retail ETF
Beyond Technical Analysis Trend Analysis Chart Patterns XRT retail online shopping retailer undervalued reopen breakout Fibonacci Retracement
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beyondta trendanalysis chartpattern xrt retail online shopping retailer undervalued reopen breakout fibonacciretracement
On the news we could see some re-openings of the economy in certain states.

Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.

RSI @60, is in an uptrend. (Bull)

OBV is still consolidating (Bear)

We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)

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