MSCI Brazil Index Fund: Take Profit at $49.52
Trading Central | Nov 01, 2013 01:42AM ET
On a relative basis against the IVV S&P500, the ETF is facing its 50-day moving average which may act as a support. We prefer to take profit right now and to close our short position opened on October 25th at last price.
Trading strategy:
Close our short position at last price ($49.52).
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