Retailers’ Encouraging Sales Data Helps Major Averages Rally FurtherPICTURED BELOW: The Retail Index ($RLX +2.74%) bounced after a pullback to its 50-day moving average line. It was helped by encouraging sales reports from a number of high-profile retailers. The major averages bounced nicely on Monday after finding support near their prior chart highs. Advancers led decliners by greater than a 2-to-1 ratio on the NYSE and Nasdaq exchanges while volume, an important indicator of institutional activity, was reported lighter on the NYSE and very near[...]
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[Source: The Money Blogs]
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