Emerging Markets Show Nice Gains

03/25/2009 9:36 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The emerging markets have also rebounded nicely from the early March lows as EEM is up over 30% from its lows. The next resistance is in the $27.40 area and then at $30 and the 200-day MA. EEM is above its 50-day MA, which at $22.80, represents first good support.

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