Treasury Bonds (TLT) Reach The Buy Zone For Active Investors

Guy Cerundolo

Treasury bonds (NASDAQ: TLT) have been rising in a sideways to higher trend since the stock market bottomed in December.

This is interesting as bonds are rising with stocks as yields fall.

In any event, investors need to trade / invest in the trend. And my current short-term trend is still higher.

If we look at the chart of the iShares 20+ Year Treasury Bond (TLT), you’ll see the rising trend channel that I am alluding too.

The lower line is the trend line. Currently, bond prices are testing this support line. This gives us an area to buy into with a good understanding of what our risk is. And we can use a stop to define this.

I think that a reversal higher is likely (80 percent) and any rally follow through should target our MFU-4 price target of 127.50 (minimum 126).

iShares 20+ Year US Treasury Bond (TLT)

tlt treasury bonds buy price support analysis investors chart news april 25

The author has positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.