Morpheus Trading: One of the best holdings currently in our ETF swing trade portfolio is Guggenheim Solar ETF (NYSEARCA:TAN), which we remain long with multiple entry points.
The first buy entry into $TAN was on July 2 (at $24.20). Those shares are currently showing an unrealized price gain of 27% since entry (see this July 21 blog post for further details about our original entry into this Solar ETF).
The second buy entry into $TAN was on September 6 (at $30.26). We are presently up 2% on the additional shares because we added to the position on a move to new highs.
As you can see on the daily chart below, $TAN is currently chopping around in $29 – $31 area, while holding above near-term support of its rising 20-day exponential moving average:
If we connect the swing highs on the chart above, we also see that $TAN is holding above support of its trendline at the highs.(...)Click here to continue reading the original ETFDailyNews.com article: The Technicals Are Bullish For The Guggenheim Solar ETFYou are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
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