Rough market today; RSI with another buy – Market Vectors Agribusiness ETF (MOO) August 24, 2010
Posted by Marlowe Cassetti in MOO, RJA.trackback
MOO what an apt name for the Agribusiness ETF, and RSI picked it today. Here is its call:
- Buy 176 shares Market Vectors Agribusiness ETF (MOO) Stop = -$5.68 Target = +$17.04 Volatility = 5.25%
And the chart shows that it is in a correction within its advancing price channel. It certainly fell with today’s market selloff. However, if it remains within its ascending channel there might be an opportunity to buy on the dip. As for me I do have another agribusiness fund RJA. So I pass on this one to avoid too much portfolio correlation.
Catch you later.
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