Kimble Charting Solutions Blog

Building a case for even higher prices in Homebuilders (XHB)

Posted by Chris Kimble on 09/02/2010 at 10:00 am; This entry is filed under home builders.

Suggested to buy Homebuilders last Friday morning due to the Power of the Patter (Falling wedge, rising channel support and more).  XHB is now up over 7%!

Homebuilder ETF XHB is climbing out of the basement as it is breaking above support and a bullish falling wedge. The breakout is a BIG positive at (2) in the chart below!  After falling 30%, this ETF now has some room to run.

Game Plan… Place a trailing stop 4% below current prices.

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1. what does my name mean September 4th, 2010 at 11:09 pm

   hi wats your myspace page

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