SGG Back To The Base Line
Michael Dylan | Jan 18, 2018 02:06PM ET
Sugar for the fourth time in a 12 month period is giving a solid investment opportunity. Each time the iPath Bloomberg Sugar Subindex Total Return Exp 24 June 2038 (NYSE:SGG) ETF has dropped to its baseline there has been about a 20% rally. This is a buy and hold investment for a three to seven months. There aren’t that many opportunities to earn 20% with a high probability. The lowest the SGG ETF is expected to drop is down to the 24.16 low of 2015. Waiting for SGG to drop that low could cause one to miss a good investment opportunity.
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