The iShares MSCI New Zealand Investable Market Fund (ENZL) traded as high as $47.00 per share this morning, meeting our upside target first mentioned in our May 26th Asbury Alert entitled Emerging Major Trend Change In New Zealand Index (ENZL), to capture a 7% gain in about 5 weeks.
During the same period ENZL also outperformed the S&P 500 by 4.1%.
Here is the chart from our May 26th report.
Here is the updated version of that chart as of this morning.
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