DailyChartist

$HYD with a negative outlook

Short
AMEX:HYD   VanEck High Yield Muni ETF
RSI gave the earlier signal with the bearish crossover, MACD did the additional confirmation. It was important to see the price action as well. Recent highs were sold and Yesterday we finished in negative territory. Volume spike suggests that there was profit closing with an attempt to buy the dip. Selling is minimal, though if the picture continues to deteriorate we may see active sellers here.
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