Retail sector is gaining relative strength | stockbee


Retail sector is gaining relative strength

One clear trend visible currently is the steady improvement in retail and restaurants sector relative strength. Post earnings retailers are breaking out.Number of retail stocks had big volume breakouts in last one month and most have followed through on those breakouts. That suggests worst might be over for retail sector and the consumer is not as bankrupt as previously thought.

Top Sectors
MG714,Specialty Eateries
MG726,Catv Systems
MG738,Auto Parts Stores
MG741,Sporting Goods Stores
MG745,Auto Dealerships
MG764,Consumer Services
MG832,Semiconductor-Memory Chips
MG834,Semiconductor-Integrated Cir
MG835,Semiconductor-Equipment & Mate

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