Headwinds For a Homebuilders ETF

XHB “seeks to provide exposure to the homebuilders segment of the S&P TMI, which comprises the following sub-industries: Building Products, Home Furnishings, Home Improvement Retail, Homefurnishing Retail, and Household Appliances,” according to the issuer.

XHB is clinging to the $40 area and faces an array of resistance tests from the $41.40 to $44.26 range (the 2017 closing price), notes Schaeffer’s.

Last week, XHB eked a positive finish for the week, marking its third consecutive weekly gain.

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