Five Indicators Say Buy EEM

06/30/2009 12:01 am EST

Focus: ETFS

The iShares MSCI Emerging Markets ETF (EEM), which is designed to measure equity market performance in the global emerging markets, contains a number of the technical characteristics that indicate that this investment will probably be successful.

Click to Enlarge

Note the major breakout from the triple top, which became a bullish cup-and-handle, the gold cross, a buy signal from our internal indicator, the Collins-Bollinger Reversal (CBR), and Moving Average Convergence/Divergence (MACD) turning and near a buy signal.

The target is close to its 2008 high of $50.

By Sam Collins of


  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
ETFs & the COT
03/19/2019 9:19 am EST

The moves forecasted by the COT signals make them very adaptable to commodity based ETFs, writes And...