SentimentEdge report

Jason Goepfert

12-14-2021 at 11:00 am

Why the recovery in Consumer Staples looks promising

There has been a quick shift in buying interest in Consumer Staples stocks. The percentage of them trading above their 10-day averages has swung from a deep oversold to high overbought extreme within days. It has pushed the McClellan Summation Index above 500. These have been good signs for the sector.

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