The Notable New Highs list for Monday, provided by Maoxian, showed a number of Telecom stocks continuing their way up. The Telecom HOLDRs have been edging up since July. I’d like to see how TTH handles a pullback on the weekly chart however, before getting too excited about this being the start of a stage 2 rally.
After 4 years of consolidation, and a huge price void overhead though, the sector definitely has potential.
Note the volume breakout in CMCSA, Comcast today.
