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What’s Up With the TTH – Telecom HOLDRs Rally

Filed under: Stock Sector - 25 Sep 2006

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.

telecom-092506.jpg

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.

cmcsk-092506.jpg

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