| The home building stocks are on the downside and
are likely to continue lower. The iShares
Dow Jones U.S. Home Construction Index Fund (ITB),
an exchange-traded fund that tracks major home builders including
Centex (CTX),
DR Horton (DHI),
KB Home (KBH),
Lennar (LEN),
Pulte Homes (PHM)
and Toll Brothers (TOL),
shows the downside with support at $33.
Avoid the home builders as they battle for the bottom.
Click on the blue chart to the right to see more information about
ITB.
Related Articles:
Price Patterns - A Double
Top Signals a Downside
Price Patterns
- Support Levels May Constrain Price Downsides
Sample Portfolio
- Home Building Stocks
Posted March 26, 2007.
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