After forming a bullish reversal candle on big volume during the second week of October (off the 10-week MA in blue), iShares U.S. Basic Materials ETF ($IYM) broke out to new 52-week highs on heavy volume the following week.

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After forming a bullish reversal candle on big volume during the second week of October (off the 10-week MA in blue), iShares U.S. Basic Materials ETF ($IYM) broke out to new 52-week highs on heavy volume the following week.
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