Tuesday, November 10, 2009

Chile's economy is heating up

On Financial Tides ETF's are mainly found by using the technical analysis tools from BarChart. This week BarChart has pointed to the IShare Chile ETF (ECH). Emerging markets are growing far faster than the US economy and Chile has one of the fastest recovering economies anywhere.

All 13 of BarChart's technical indicators say buy for a 100% buy rating. ECH has hit new highs in 9 of the last 20 trading sessions and is presently 5 for 5 in the last week. Its has had a 28.47 price appreciation in the last 65 days and isn't skipping a beat.

On other sites Mark's checklist on Wall Street Survivor has a Survivor Sentiment on 5/5 and on Motely Fool the all member rating is 88 to 2 with their All Stars rating it 26 to 1.

I'm adding this to my EFT portfolio on Marketocracy.

Recommendation: Buy IShares Chile ETF -- ECH around 52 with a protective stop loss no higher than 48.

Disclosure: I do not own ECH at the time of this publication.

Jim Van Meerten is an investor who write on financial matters here and on Financial Tides. Please make a comment below or email FinancialTides@gmail.com

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