AI
Tuesday, April 18, 2017 11:30:52 AM
A Year of Frustration for IJR
The next chart shows the S&P SmallCap iShares (IJR) with the Bollinger Bands and BandWidth. Notice that I chose 4 as the level for low BandWidth and the indicator has been hovering around this level the entire year. This reflects the fact that IJR has gone nowhere in 2017. It looked like a breakout was underway in mid February when the ETF closed above the upper band and broke channel resistance, but this failed to hold as IJR fell back to the 67 area. Another channel is taking shape with resistance marked around 69.
The next chart shows the S&P SmallCap iShares (IJR) with the Bollinger Bands and BandWidth. Notice that I chose 4 as the level for low BandWidth and the indicator has been hovering around this level the entire year. This reflects the fact that IJR has gone nowhere in 2017. It looked like a breakout was underway in mid February when the ETF closed above the upper band and broke channel resistance, but this failed to hold as IJR fell back to the 67 area. Another channel is taking shape with resistance marked around 69.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
