The chart below shows that the iShares MSCI India Index (INDA) met our $38.00 per share upside target this morning, first displayed and discussed in our December 15th Asbury Alert entitled iShares India Index (INDA) Resuming 2017 Advance (Again) (access requires subscription), to capture a $2.39 per share, 7% price advance in 25 trading days.
INDA also outperformed the S&P 500 (SPX) by 0.8% during the same period.
Editors Note: We were previously long INDA between July 3rd and August 9th 2017, capturing a 5% gain while outperforming the S&P 500 by 3.2%, and again between October 3rd and November 9th, capturing a 6% gain and outperforming the S&P 500 by 3.7%. This makes our third closed out long position in INDA over the past 6 months, in which we captured a total of an 18% gain.
Here is the chart that appeared in our December 15th report.
Here is today’s updated version of that chart, showing that our $38.00 has been met.
We publish these notifications for 3 reasons:
- to let Asbury Research subscribers know when to consider taking profits on existing positions,
- to let non-subscribers track what we are doing in the market, in real time, and
- 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.
Asbury Research subscribers can view our latest research on the US stock market, market sectors, US interest rates, ETFs and commodities, as well as a table with our current picks in US stocks, ETFs, and global indexes, by logging into the Research Center via the big gold button in the upper right corner of the screen.