Friday, August 5, 2011

ETF TRADE 13.7.2011

FT BICK Index Fund OUTLOOK
BICK (FT BICK Index Fund): Rebound expected.

Pivot: 31.00
Our forecast: a rebound towards 33.25 is expected.
Comment: the index is bouncing off a support area while the daily MACD is reversing up from its signal line. Also, the daily RSI has broken above a declining trend line.

To leverage our Trend Opinion on the FT BICK Index Fund rate we selected the following strategy.

Buy at last price ($31.45) - BICK - FT BICK Index Fund

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