Buy, Sell or Hold Update: Brazil ETF Featured Monday Soars as Much as 31% in Three Trading Days
William Patalon (October 30th, 2008) Writes:
The iShares MSCI Brazil Index (EWZ), an exchange-traded fund (ETF) that was the topic of the popular “Buy, Sell or Hold” feature on Monday, surged as much as 31% in the first three days of this week.
The shares, which closed Friday at $29.94, traded as high as $37.25 in late afternoon trading yesterday (Wednesday) – at that point representing an aggregate gain of 31% in the week’s first three days.
The ETF ended yesterday’s trading session at $35.89, an increase of $2.31 per share, or 6.88% for the day. At that closing price, EWZ shares had logged a gain of $4.05 a share, or 14%, since Money Morning Contributing Editor Horacio Marquez recommended the ETF in his Monday column.
Marquez is also the editor of the newly created Money Moves Alert trading service....
Tags for this Post:
Brazil, Brazil, Brazil-based Vale, China, Exchange Traded Funds, Horacio Marquez, India, Market Commentary, Martin Hutchinson, MSCI Brazil, Oil Industry, Petrobras, Russia, USD
Brazil, Brazil, Brazil-based Vale, China, Exchange Traded Funds, Horacio Marquez, India, Market Commentary, Martin Hutchinson, MSCI Brazil, Oil Industry, Petrobras, Russia, USD


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