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MSCI All Peru Capped Index Fund Now A Buy

Published 03/21/2014, 02:10 AM
Updated 07/09/2023, 06:32 AM
From a technical view, theiShares MSCI Peru ETF (ARCA:EPU) is close to the lower boundary of a large bearish channel and it is facing its lower Bollinger® band which should act as a support. Regarding technical indicators, the weekly MACD is still above its signal line and it is posting a tentative bullish divergence.
On a relative basis against the iShares Core S&P 500 ETF (ARCA:IVV) , the iShares MSCI Peru Capped Index Fund is facing its lower Bollinger band and looks set for a rebound. Trading strategy: Buy @ $31.23 - Stop loss @ $29.50 - Target @ $39.40

EPU Capped Index Fund

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