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Trader alert: An unexpected sector just broke out
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Tuesday, December 21, 2010
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From Bespoke Investment Group:

The S&P 1500 Homebuilder group is surging 4% today, and it is currently trading well above its 200-day moving average, which it hasn't been above since early 2010.

As shown below, the group has also broken out of the sideways trading range it has been in over the last six months in a big way today.

Read full article (with charts)...

More on housing:

Dr. Doom just called a bottom in housing

Top homebuilder CEO: Worst is over for U.S. housing

Top housing economist: Home values to plunge another $1.7 trillion this year

Topics: Homebuilders | Housing | Real_Estate
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