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The iShares Dow Jones Select Dividend Index (DVY) formed a reversal candle yesterday as it sold off sharply, tested the lows of the trading range, but ultimately recovered to close near session highs. A volume powered move back above the three day high of $53.17 could present a buying opportunity in this ETF. We are placing DVY on the watchlist. Trade details are available to our subscribers in the watchlist section of the newsletter.

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