Morpheus Trading: Last Friday, we established a buy entry in Guggenheim Shipping ETF (NYSEARCA:SEA) on breakout above the two-day high. We really liked the bullish consolidation that formed around the 50-day MA, especially when the price action tightened in December.
After clearing prior highs at $19 and breaking the current range high at $20.50, there is very little resistance until the $24 area, so we might be able to hold on to the position for a 15% to 20% move.(...)Click here to continue reading the original ETFDailyNews.com article: Breakout Expected In The Global X Social Media ETF (SOCL)You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here