Investors in SPDR S&P Homebuilders ETF (Symbol: XHB) saw new options begin trading today, for the October 31st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the XHB options chain for the …
The stock, which was still inactive in premarket trade, has tumbled 16% over the past three months, while the SPDR S&P Homebuilders ETF XHB, -1.10% has lost 12% and the S&P 500 SPX, +0.93% has dropped 5.2%.
My 12-month target is $42, which would result in a 15% advance from the current price. Click to Enlarge Article printed from InvestorPlace Media, http://investorplace.com/2015/07/spdr-sp-homebuilders-etf-xhb-stock-trade-of-the-day/.
A stock is considered to be oversold if the RSI reading falls ... According to the ETF Finder at ETF Channel, BBBY makes up 3.53% of the SPDR S&P Homebuilders ETF (Symbol: XHB) which is trading lower by about 1.3% on the day Thursday.