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IGE None

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S&P GSSI iShares - IGE - close: 154.43 chg: +3.01 stop: 149.99

Company Description:
The IGE is the iShares S&P North American Natural Resources exchange traded fund (ETF). This ETF tries to mimic the S&P GSSI Natural Resource index.

Why We Like It:
The IGE is a relative strength and momentum play. The ETF is rebounding from the bottom of its bullish channel. Technicals are positive. There was no real weakness on Friday in spite of the market's sell-off. We're going to use a tight stop loss under today's low. We have two targets. Our first target is $159.60 (the May high). Our second target is the $164.75 mark.

Picked on June 09 at $154.43
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 145 thousand

New Short Plays

None today.

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