Monday, May 04, 2009

Commodity Stocks On The Move



Commodity related stocks have been on fire the past few days but what I really find interesting is the long term price action. Above is a daily chart of the CRX index which represents many of the commodity related stocks. This index has just recently broken out of a 6 month consolidation and has closed above its 200 day moving average. The CRX index was up almost 6% today.

1 comment:

Anonymous said...

H+S breakout?
-DaveT

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