The Traderszone Network

Published in TZ Latest News 4 April, 2015 by The TZ Newswire Staff

Negative Divergence Hampers Electrical Components & Equipment Stocks

Two months ago, there weren’t many better looking industry groups than the Dow Jones US Electrical Components & Equipment Index ($DJUSEC).  The breakout above price resistance was clear, but after a continuing advance of another 10% into mid-March, the DJUSEC ran into technical issues.  Take a look at the daily chart:

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