Home Construction SPDR Makes the Aroon Bull Scan

The Home Construction SPDR (ITB) is making a bid to break resistance as Aroon Up surges above Aroon Down. Also notice that Aroon Up hit 100, which suggests that a new uptrend may be emerging. Note, however, that this is the third time in three months that Aroon Up has surged to 100. ITB needs to confirm with a breakout and higher high.

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