Currently: Long Looking to: Sell @ $45.18
As of 3/22/19 close: $43.13
LAST WEEK: We suggested buying dips to the 200-day moving average with a target of $45.44 and with stops honored on a close below $42.75.
UPDATE: The European ETF (IEV) came down on Friday and nearly tested 200-day MA support. If that support continues to hold, we should see IEV run up to $45.18 - $45.62. However, if support fails, look for a drop to $42.16. If long already, hold on for the ride up to $45.18 but honor stops on a close below the 200-day MA. If stopped out, try longs again at $42.16 with stops < $42 and with a $45.18 target.