iShares Dow Jones US Home Construction ETF Is Weak
iShares Dow Jones US Home Construction (ITB),
an exchange-traded fund (ETF) that includes 21 major homebuilders, has
moved below its 50-day moving average. On Friday, March 7 ITB closed at
$16.77, down 22.25 percent from its recent closing high of $21.57 set
on February 1.
This ETF is worth a nibble, but it will remain volatile while the nationwide
housing slump continues. Buy ITB on price dips.
I (RAH) am long ITB.
Related Articles:
Exchange-traded Funds
Homebuilding Stocks
Homebuilding Stocks - Articles
on buyupside.com
iShares Dow Jones US Home Construction
ETF Is on the Price Upside
Posted March 8, 2008.
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