Stock Picks – iShares S&P MidCap 400 Index Fund-IJH

by Sam Collins | December 19, 2009 3:59 am

 

iShares S&P MidCap 400 Index Fund (IJH[1]) – 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[2]).  

 

On Sept. 10, at $67.12, I said[3], “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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Source URL: http://www.investorplace.com/2009/12/stock-picks-ishares-midcap-400-index-fund-ijh/
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