In our February 22nd 2017 report, entitled SPDR Homebuilders ETF (XHB) Resuming Its 2016 Uptrend (access requires subscription), we said:

The SPDR S&P Homebuilders ETF (XHB) appears to be resuming its 2016 uptrend following an August 2016 corrective decline.  This week’s emerging breakout in XHB targets an eventual, additional 26% rise to 45.50 per share that will remain valid above the 34.16 area.

Here is the chart from that report:

XHB: 2016 to February 21st, 2017

The next chart, an updated version. shows that our $45.50 per share target was met yesterday, January 3rd, to capture a $9.65 per share, 27% advance in just a little more than 10 months.

XHB: 2016 to January 3rd, 2018

In addition, XHB outperformed the benchmark S&P 500 (SPX) by 7.3% during this holding period, which is particularly difficult to do within a market environment like we had in 2017 when the US stock market seemingly rose every day, without a correction.


We publish these notifications for 3 reasons:

  1. to let Asbury Research subscribers know when to consider taking profits on existing positions,
  2. to let non-subscribers track what we are doing in the market, in real time, and
  3. to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.

 

Asbury Research subscribers can view our latest research on the US stock market, market sectors, US interest rates, ETFs and commodities, as well as a table with our current picks in US stocks, ETFs, and global indexes, by logging into the Research Center via the big gold button in the upper right corner of the screen.

Subscribers and interested investors can view our most recent closed out trade ideas by Clicking Here.

To non-subscribers:  Request more information about us, including service and pricing options, by visiting our Contact Us page or by calling 888-960-0005.

Invest like a Professional. Get Started Today

Don’t miss any more opportunities. Sign up today and see how Asbury Research can give your investments the edge they need in a turbulent market.
Start Today!