Home > > Stock Picks – iShares S&P SmallCap 600 Value Index Fund-IJS

Stock Picks – iShares S&P SmallCap 600 Value Index Fund-IJS

December 10, 2009  |   By Sam Collins, Chief Technical Analyst, InvestorPlace

 

iShares S&P SmallCap 600 Value Index Fund (IJS) – This exchange-traded fund (ETF) seeks to track the performance of the S&P SmallCap 600 Index (SML).   

IJS Chart 

Chart Legend

Like its big brother, IJS put in a bottom in early November and another on Nov. 30. Those, plus the reversal from the 200-day moving average in July, set the three points of an intermediate uptrend. 

A pullback to the conjunction of the 20- and 50-day moving averages, now at just above $55, could be a good place to invest for a “January Effect” rally that, if successful, could break through the triple-top at $58 with a target north of $65.

How to Profit From Market Manipulation
The market is rigged! Learn the single best way to make huge profits from everyday market manipulation. Get your free copy of “How to Find the Money-Doublers in Today’s Market” here.

This entry was posted in ETF. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.