That divergence ended Monday, Aug. 10, as both declined. UMM was down 1.22% to close at $23.85 and XHB dropped 3.35% to close at $15. These moves basically reversed the correlation divergence experienced last week. Entering an arbitrage opportunity with UMM and XHB at the end of last week could have paid off today for the alert individual investor.
Housing Recovery: A Way to Play It
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