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Retail Stocks May Be Set for Rebound | Markets & Money News
Retail stocks may be on the verge of a counter-trend rally, according to Katie Stockton, as the SPDR S&P Retail ETF shows signs of stabilization. A key level to watch is the 200-day moving average at $86, which could enhance the technical outlook if surpassed. Amazon’s long-term prospects remain strong due to rising momentum, while Home Depot shows potential for recovery after recent struggles, despite trading below its declining average. Overall, the retail sector presents intriguing
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