Emerging Markets Mixed

12/21/2009 9:21 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
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Looking at the individual emerging markets last week, the action was definitely mixed as several were up or down 3%. The emerging markets ETF (EEM) closed just above the daily uptrend, but below the 50-day MA. Additional support lies in the $37.50-$38.50 area with the 200-day MA now at $34.40.

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