The VanEck Vectors Steel ETF (SLX) has traded as high as $32.82 today, essentially meeting our $33.00 target that was first mentioned in our July 12th Keys To This Week report (access requires subscription) to capture a 7% rise in the ETF in a little less than a month.
We actually first mentioned SLX as an emerging buying opportunity in the May 23rd Keys To This Week report when it was trading at $24.53. The ETF has risen by 34% since then.
Here is the chart from that May 23rd report.
Chart 2 from the May 23rd 2016 Keys To This Week
Here is the chart updated through midday today (August 8th).
SLX through midday on August 8th
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