Leading Industry Groups Come Under Fire As Market Weakens

By | September 24, 2015

Scalper1 News

Leading industry groups in the market are starting to show signs of wear and tear. That’s not surprising as selling pressure continues to build in the major averages. The top-ranked group in IBD’s database, Finance-Mortgage & Related Services, fell around 4% Thursday. During the week ended Aug. 21, it plunged 8.5%. LendingTree (TREE), a former big leader in the group, plunged below its 50-day moving average Thursday in heavy volume. Another former Scalper1 News

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