IShares Dow Jones U.S. Technology Sector Index Fund (IYW) : Buy @ $72.41
REBOUND IN SIGHT
Regarding technical indicators, both the 20-day and the 50-day moving averages are turning up while the daily RSI is bouncing off its neutrality area. Furthermore, the daily MACD is going to push above its signal line.
On a relative basis against the IVV S&P500, the iShares Dow Jones U.S. Technology Sector Index Fund is reversing up from a key support area and looks set for a rebound.
Buy @ $72.41 – Stop loss @ $71.20 – Target @ $74.65
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