Category: Brazil
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Today’s Trade: EWZ
I took a small nible in EWZ at the close yesterday, with a 300 share position $60.35. I’ve placed a mental stop just under $60, with an initial target at the recent all time high, around $63. I’ll look to add more if it can break into new high territory.…
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Today’s Trade: EWZ, AKAM and RATE
I sold 500 shares of RATE at $43.44 (entry at $42.53)for a $455 gain (+2.1%). I sold AKAM at $56.90 (entry at $55.63) for a $508 gain (2.2%). I bought 700 shares of EWZ at $48.44. Over the past six months EWZ has been in a solid uptrend with the…
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Today’s Trades: EWZ and RIO
As discussed last night, EWZ looks attractive as a pullback candidate, so I bought 500 shares at $46.10. I bought 400 shares of RIO at $32.25. I’ve been waiting for a decent entry in a steel/metal stock for quite some time now, and finally found a decent pullback. I placed…
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Brazil is Hot! EWZ Chart.
EWZ is setting up for a nice pullback entry. While the solid uptrend and pullback to the 50 day moving average are nice, what really makes this stock attractive is the surge in volume this month. The big money is definitely flowing into this Brazilian ETF.