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Technical Review of Dow Jones Industrial (INDU)

INDU continues to set new all-time highs, suggesting leadership. The recent breakout above 33,228 (3/29/1) suggests next target to 34,385, and above to 36,586 (161.8% Fibonacci Projection), and then to 40,923.5 (V-breakout target. The RRG study on INDU suggests more than half (17 INDU stocks) are residing in Improving and Leading Quadrants. INDU leaderships continue to be concentrated within cyclical names.



Source: Courtesy of StockCharts.com

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