Actually PKB (infrastructure ETF) had a HUGE buy in this morning
and FWLT is sitting at or just breaking down today from wkly
trendline support and vol down is not so large. Also there are some
bullish fundamentals for this group, so who knows? Haven't sold my
longer term position yet cos it looks like a mickey mouse selloff
so far to me.
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FLR
Posted by dodgerdog on 7th of Jul 2008 at 02:42 pm
FLR is breaking below is 50 day MA today with a gap to fill just below.
FLWT looks rancid.
Dylan pointed out this group last week as one that appeared to be breaking down.
FWLT & infrastructure
Posted by kreem on 7th of Jul 2008 at 02:55 pm
Actually PKB (infrastructure ETF) had a HUGE buy in this morning and FWLT is sitting at or just breaking down today from wkly trendline support and vol down is not so large. Also there are some bullish fundamentals for this group, so who knows? Haven't sold my longer term position yet cos it looks like a mickey mouse selloff so far to me.