Although RWO is up just 1.4% in the past month, the ETF could be forming a bullish cup and handle pattern and is in the nascent stages of showing positive relative strength against the S&P 500, according to Trade With Pete. Encouragingly, RWO closed above its 200-day moving average on Monday for the first time since November.

RWO charges 0.5% per year and features a trailing 12-month yield of 3.73%. That is slightly above the dividend yield on IYR and more than 100 basis points above 10-year Treasury yields.

 

Chart Courtesy: TradeWithPete.com

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