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#3 iShares MSCI Emerging Markets Index Fund (EEM)
The iShares MSCI Emerging Markets Index Fund (EEM), which is designed
to measure equity market performance in the global emerging markets, contains a number of the bullish technical characteristics.On June 29, with the stock trading above $32, I said, "Note
the major breakout from the triple-top, which
became a bullish cup-and-handle, the gold
cross, a CBR buy signal, and Moving Average
Convergence/Divergence (MACD) turning and near a buy signal. The target is close to its 2008 high of $50."Since then, this ETF executed a breakaway gap and headed to new highs, so I’m sticking with my $50 target.
5 Top-Notch Technical Trades
Article printed from InvestorPlace Media, http://www.investorplace.com/2009/07/technical-trades/.
©2012 InvestorPlace Media, LLC
Five Top-Notch Technical Trades
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Technical Trade #3 – iShares MSCI Emerging Markets Index Fund (EEM)
The iShares MSCI Emerging Markets Index Fund (EEM), which is designed to measure equity market performance
in the global emerging markets, contains a number of the bullish technical characteristics.On June 29, with the stock trading above $32, I
said, "Note the major breakout from the triple-top,
which became a bullish cup-and-handle,
the gold cross, a CBR buy signal and Moving
Average Convergence/Divergence (MACD) turning and near a buy signal. The target is close to its 2008 high of $50."Since then, this ETF executed a breakaway gap and headed to new highs, so I’m sticking with my $50 target.
Article printed from InvestorPlace Media, http://www.investorplace.com/2009/07/technical-trades/.
©2012 InvestorPlace Media, LLC
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