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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Comment by RichyRich$on Apr 26, 2016 4:40pm
91 Views
Post# 24812257

RE:RE:RE:RE:Volume

RE:RE:RE:RE:VolumeWilly... Passing $.24 has even more significance than braching the short-term BB because since the August 2014 Peak of $.24 MXI could never pass that threshold. In the Summer of 2015 MXI peaked at $.23 and peaked below $.24 earlier this year. I know we're all about the fundamentals here, but it has significance because there are a lot of investors and traders that place high importance on technical analysis. So passing $.24 will confirm a Long-term Uptrend in MXI and attract a new audience of technical analysis investors. Obviously we all want the buyout which most likely will happen soon, but the technicals show the share price is set to rise on its own market value. Money might also start leaving the mid to large cap miners into the juniors because the mid to large cap look to have peaked for now.
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