Wednesday, June 18, 2014

EWA - Shrimp on the Barbie

$EWA - Australia looks interesting for a rental. No position yet.  Yields over 4% too.  The ETF is popping up on my list as oversold and due for a bounce. Negatives are that it gapped down yesterday below the 50dma on some volume.  A gap fill up at this point would take it back up to test the 50dma (near $26.50). EWA is also above the 200dma (which is around $25.50).

EWA is $26.13 as I type.  Australia?  Hmm...

blog comments powered by Disqus