REBOUND IN SIGHT {{HTML1}}From a technical view, the ETF is reversing up from a rising trend line drawn from the bottom of November 2012.

Regarding technical indicators, both the 20-day and the 50-day moving averages are turning up while the daily RSI is bouncing off its neutrality area. Furthermore, the daily MACD is going to push above its signal line.

On a relative basis against the IVV S&P500, the iShares Dow Jones U.S. Technology Sector Index Fund is reversing up from a key support area and looks set for a rebound.

Trading strategy:

Buy @ $72.41 - Stop loss @ $71.20 - Target @ $74.65

Copyright 1999 - 2013 TRADING CENTRAL