MRP Breakout Above Resistance Shows Relative Strength vs XLF
$Millrose Properties, Inc.(MRP)$ - Breaks 6-Month Downtrend Line, Signaling a Structural Shift
- 5 breakout attempts above $31.50 over the past 4 months
- clean display of volatility adjusted relative strength (VARS) throughout the period
- relative strength vs $Financial Select Sector SPDR Fund(XLF)$ sector, likely supported by lending exposure concentrated in $iShares U.S. Home Construction ETF(ITB)$ $Schwab U.S. REIT ETF(SCHH)$ $Real Estate Select Sector SPDR Fund(XLRE)$ (leading groups)
- trading above all major MA for the 5th session (4th for the leading major indices)
- today’s close marks a 3-month high
May be a low ADR of 2% but $MRP has consistently shown constructive price action when in trend, often riding above its 20-MA since its IPO a year ago.
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