iShares S&P MidCap 400 Index Fund (IJH) – This exchange-traded fund (ETF) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P MidCap 400 Index (MID).
On Sept. 10, at $67.12, I said, “Like the major indices, IJH will have to break from the bull channel in order to make the next leap to my target of $75.”
But then the mid caps went into a four-month consolidation before breaking out of a major formation this week — the quadruple top at $72.
The target for a trade on IJH is $94.
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