Currently: Long Looking to: Sell @ $40.15
As of 2/26/21 close: $31.90
LAST WEEK: We suggested buying at $33.66 with stops on a close below $31.90 and with an upside target of $40.15.
UPDATE: The iShares Brazil ETF (EWZ) dropped sharply this week slicing through our long-side entry point and nearly violating the stop-loss trigger level put forth here in last weeks report. In taking a look at the chart this week, we are lowering the stop trigger to $31.48. Get long here with stops on a daily close below $31.48 and with an upside target of $38.58.