iShares Dow Jones US Home Construction ETF Is on the Price Upside
iShares Dow Jones US Home Construction (ITB),
an exchange-traded fund (ETF) that includes 21 major homebuilders, has
moved to the price upside. ITB is trading above its 50-day moving average
after making a low at $14.03 on January 9, 2008.
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
Posted February 29, 2008.
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