Is This White-Hot ETF About To Breakout?

Published 06/02/2014, 11:14 AM
Updated 07/09/2023, 06:31 AM

 Momentum And Wisdom Tree's India ETF

The table below reflects that India has been doing very well so far this year, as its up 26%. That puts it 22% above the S&P 500 this year and 24% better than (ARCA:EEM), a popular Emerging markets ETF.

India vs. The S&P 500 And iShares MSCI Emerging Markets

The top chart reflects that the strong rally has taken WisdomTree India Earnings Fund (NYSE:EPI) to the top of a trading channel and momentum is reaching lofty levels, actually the highest in the past four years. 

A breakout of this channel would be a big positive event for EPI should it happen. The top chart does reflect that  EPI's upside has been a little limited when momentum is at current levels over the past few years.

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