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ETFs On The Move After Memorial Day (IBB, EWJ, FAN)

Benzinga.com
0 Comments| May 28, 2014

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The S&P 500 broke out to a new all-time high after the long weekend.

The Dow Jones Transportation Average is joining the index at a new lofty level. The NASDAQ, which has struggled the last couple of months is back to a seven-week high and the Dow is one big day from hitting the best level ever.

Overall, the U.S. stock market is clearly in the midst of a multi-year bull market with no signs of slowing.

The optimism has investors moving money around between sectors and countries within the world of ETFs. Below are a few of the ETFs that are making moves that are attracting the eyes of the investment community.

iShares NASDAQ Biotechnology Index ETF (NYSE: IBB)

The ETF is breaking out of an extremely bullish pattern referred to as an ascending triangle, where the pattern is constructed with two lines.

A ...

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