Email Alerts

Upside Target Met In Steel ETF (SLX)

Posted on: Monday, August 8th, 2016

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

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

SLX through midday on August 8th

 

Asbury Research subscribers can view our current research on the US stock market and market sectors, US interest rates,the US Dollar, and commodity markets like XME shown above by logging into the Research Center via the big gold button in the upper right corner of the screen.

To non-subscribers:  If you believe the ideas and information listed above could help your own investing become more profitable, then we invite you to request more information about us, including services and pricing, by visiting our Contact Us page or by calling 888-960-0005.