XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation. Overall it looks very good short. You can check our detailed analysis on XAR in the trading room/ Executive summary link...
In the wake of the Paris atrocity and increased efforts for military presence in Syria and the middle east in general, you can expect a rally in government contractor stocks. Pictured are three government contractor ETFs: XAR, ITA, and PPA. Notice the big rally today, suggesting buying pressure. This is confirmed via the OBV indicator. We see a lot of...