Pretty decent action today in the new home construction space. The Ryland Group (NYSE:RYL), had a banner of a day, but was just one of many.
Sharing this, since it shows an often overlooked, very bullish pattern known as a hidden divergence (price higher lows, momentum lower lows). Plus a text-book breakout of a symmetrical triangle.
This group looks like it wants to come back to life after a few well deserved months off.
Lets see!
Captain John
