Stock Picks – iShares Russell Midcap Growth Index Fund-IWP

by Sam Collins | November 30, 2009 12:53 pm

 

iShares Russell Midcap Growth Index Fund (IWP[1]) – From the March bottom to September, the mid-cap stocks outperformed.    

 

But profit-taking and several disappointing earnings slowed progress, and since early November, the higher quality stocks have led.

Now, however, it appears that mid caps may be coming into their own again. 

A break through the triple-top[2] at $44.50 could signal a dramatic burst to the upside. 

Note the recent buildup in volume[3] on IWP, along with a new stochastic buy signal. 

If the break occurs, the target would be close to $50. But stop-loss orders[4] should be placed at just under $40 to limit losses in the event of a reversal.

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Source URL: http://www.investorplace.com/2009/11/stock-picks-ishares-russell-midcap-growth-index-fund-iwp/
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