Trade Ideas: ILF
Earnings kept the rally bubbling, sweeping markets higher after days of quiet action. The Trade Ideas scan saw a reasonable broad swathe of buying with no one stock or ETF coming to the fore. Coverage of 8 stocks took 5 minutes; a little longer than what could have been expected for a day such as it was.
On the frequency table, IShares S&P Latin America 40 Index (ILF) was the most prevalent at 24 appearances over the day. A small handle allows for a 'buy' on a break of resistance with a stop on the flip side. Long term, look for a projected target move of the larger base, which should be enough to challenge $212.
If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.
Trade Ideas
On the frequency table, IShares S&P Latin America 40 Index (ILF) was the most prevalent at 24 appearances over the day. A small handle allows for a 'buy' on a break of resistance with a stop on the flip side. Long term, look for a projected target move of the larger base, which should be enough to challenge $212.
The investment seeks investment results that correspond closely to the performance, before fees and expenses, of the S&P Latin America 40 index. The fund invests at least 90% of assets in an aggregate sample of securities that reflect the predominant characteristics of its sector index. It invests in American Depository Receipts, rather than directly holding stocks, from companies in Mexico, Brazil, Argentina and Chile. The fund is nondiversified.
If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.
Trade Ideas