The MSCI EMU Growth Index consists of a sample of representative companies which show the growth of stocks within the Euro zone countries. Following the exit out of the top of a consolidation phase in the form of a «rectangle» in place for almost a year, this Index presents, in the medium term, a bullish trend as evidenced by the orientation of the 100-day moving average and the registration of ascending peaks. .....
Day By Day – Indipendent Research
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||79,65 / 81,61 pts|
|Supports||77 / 74,8 pts|
More recently, the Index has exited by the upper threshold of a rectangle (accumulation phase) between the support at 74.80, and
the former resistance, which becomes a support at 77, corresponding to the trough of July 2008. Prices are now drawing a pull-
back to the pattern, a scenario that calls for a continuation of the bullish dynamic.
We are positive in the short-term, and considering the rallying towards the resistance at 81.61, with an intermediate target at 79.65.
We set the invalidation threshold for this positive opinion slightly below the support at 77.
|Traker’s Name||Leverage||Expense ratio|
|AMUNDI ETF MSCI EUROPE GROWTH||x1||0,35%|
|iShares DJ Euro STOXX Growth||x1||0,40%|
|Lyxor ETF MSCI EMU Growth||x1||0,40%|
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research