Home > Boards > Other Markets > ETFs > iShares MSCI Emerging Markets Index (EEM)

Emerging Markets Are Falling And They Can't Get Up

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
ITMS Member Profile
Member Level 
Followed By 45
Posts 1,500
Boards Moderated 1
Alias Born 10/13/09
160x600 placeholder
ITMS Member Level  Thursday, 05/17/18 12:18:58 PM
Re: None
Post # of 17 
Emerging Markets Are Falling And They Can't Get Up

The popular iShares MSCI Emerging Markets ETF (NYSEArca:EEM) topped out on January 26, 2018 along with the major stock market indexes. The January peak for the EEM was $52.08 and since that high in the share price it has tumbled. Currently, the EEM is trading down by 0.54 cents to $46.64 a share. At this time, the EEM is holding and trading just above its important 50-week moving average. Should price close below this major moving average the next critical support area will be around the $42.75 level. This support area would be a major retrace level and spot where the equity broke out in August 2017. Often, major breakout levels will serve as major support when retested. Keep the $42.75 level on the radar for the EEM.




Nicholas Santiago
InTheMoneyStocks

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist