Retail Stocks Finds Buyers

By May 24, 2012, 9:26 AM Author's Blog  

This morning, the leading retail stocks are the one industry group that is holding up well. The sector is being lead by Costco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc (NASDAQ:DLTR). Both of these leading retail stocks are trading higher by more than 1.00 percent. Short term traders can watch for intra-day resistance on COST around the $85.00, and $85.50 levels. DLTR stock will have intra-day resistance around the $100.75, and $101.28 levels.

Some other leading retail stocks that are trading higher on the session include Wal-Mart Stores, Inc.
(NYSE:WMT), The TJX Companies Inc (NYSE:TJX), and Zumiez Inc (NASDAQ:ZUMZ) to name a few. Usually, when the leading retail stocks are holding up the major stock indexes will also hold up. This important sector is closely to tied to consumer spending which is necessary for the stock markets to inflate higher. Consumer spending accounts for roughly 70.0 percent of the GDP in the United States.

Retail Stocks Finds Buyers

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