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Upside Target Met In The iShares Emerging Markets ETF (EEM)

Posted on: Friday, July 14th, 2017

The iShares Emerging Markets ETF (EEM) met our 43.00 upside target this morning, which was first mentioned in our research (access requires subscription) on January 27th 2017,  to capture a $5.53 per share, 15% advance in a little less than 6 months.

Here is the updated weekly chart since 2015, which shows the initial July 2016 bullish breakout in EEM and also the 15% gain since late January.

EEM weekly: January 2015 through July 14th 2017

Our interest in EEM was, and still is, due to its positive correlation to the S&P 500 (SPX), which has been 0.79 over the past 6 months.

 

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  1. to let Asbury Research subscribers know when to consider taking profits on existing positions,
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  3. to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.

 

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