Late breaking RSI pick – WisdomTree India Earnings (EPI) April 29, 2011
Posted by Marlowe Cassetti in EPI, INP.trackback
Data provider problems caused RSI to get a late start on generating new picks. Anyway, today RSI continued its attraction to India ETF by picking another one:
- Buy 422 shares/$1,000R WisdomTree India Earnings (EPI) Volatility = 3.80%
This chart was generated a couple of minutes after the market opened this Friday morning, so the volume is understandably low. It is currently in correction, so if you are interested, wait for the correction to run its course. The volatility is on the low end, so RSI requires a large commitment for a 1R risk exposure. If you are interested in establishing a position in India also look at RSI’s recent pick of iPath MSCI India Index ETN (INP). Its volatility is a bit higher at 4.2%.
Sorry for the pick delay, but it isn’t time critical because of the correction. Catch you later.
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