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(Another) Upside Target Met In Metals & Mining ETF (XME)

Posted on: Wednesday, April 13th, 2016

Back on March 4th we pointed out that our $19.50 upside target in the SPDR S&P Metals and Mining ETF (XME), first mentioned in our February 29th Keys To This Week report (access requires subscription), was met to capture a 22% advance in 4 days.

More recently, in Monday’s (April 11th) Keys To This Week report (access requires subscription), we displayed and discussed our expectations for an additional 5% rise in XME to $22.50.

Here is the chart from that April 11th report.

Chart 1 from the April 11th Keys To This Week

Chart 1 from the April 11th Keys To This Week

Here is the updated version of the chart which shows that our $22.50 target was met this morning.

XME daily through 11:25 ET on April 13th

XME daily through 11:25 ET on April 13th

 

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