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Brazil Stock Market ETF (EWZ) Breaks Downtrend After 50% Move Higher

TedTed
in The Bullpen
FYI: Brazil currently has the top performing stock market of any country in the world in 2016. After starting the year with a dip lower, the iShares MSCI Brazil ETF is now up 50% from its low! Below is a two-year chart of EWZ. The most recent move higher broke the ETF above a 15-month downtrend that had been in place, and it now has another support level that formed from its late 2015 highs. Things appear to be looking up for Brazilian stocks.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/brazil-stock-market-etf-ewz-breaks-downtrend-after-50-move-higher/

M* Snapshot EWZ:
http://www.morningstar.com/etfs/ARCX/EWZ/quote.html

EWZ Is Ranked #2 In The (LAS) ETF Category By U.S. Nesx & World Report:
http://money.usnews.com/funds/etfs/latin-america-stock/ishares-msci-brazil-capped/ewz
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