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.

INDA: April 2017 to December 15th

Here is today’s updated version of that chart, showing that our $38.00 has been met.

INDA: April 2017 to January 23rd

 

We publish these notifications for 3 reasons:

  1. to let Asbury Research subscribers know when to consider taking profits on existing positions,
  2. to let non-subscribers track what we are doing in the market, in real time, and
  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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