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Thursday
Jan052012

Homebuilders Continue Their "Surge"

DateThursday, January 5, 2012 at 03:04PM

The homebuilder stocks have been the talk of the street lately.  The XHB homebuilder ETF is currently the most overbought ETF in our database, and as shown below, the S&P 1500 Homebuilder index has been surging since the start of the fourth quarter.

Yep, everything looks great for the homebuilders...until you look at the chart below.

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