The SPDR S&P Metals and Mining ETF (XME) essentially met our $29.00 upside target today, by trading as high as $28.96 intraday, to capture a 17% advance in 3 weeks.
This idea and target were first displayed and discussed in our July 6th Keys To This Week report (access requires subscription).
Here is the chart from that July 6th report.
Here is the current chart updated through this morning.
In addition to this most recent profitable call in XME, we also made 2 additional calls in this ETF this year:
- February 29th: we targeted an upcoming 22% rise to $19.50 in XME which was met on March 4th.
- April 11th: we targeted an upcoming 5% rise to $22.50 in XME which was met on April 13th.
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