Mexican Stocks -17% In 6 Months, But Are Showing Signs Of Life

The iShares MSCI Mexico Capped ETF             has sustained its longest move above the 50-day EMA since September (prior to breakdown). If EWW             is able to close above the 2015 resistance level at $60.50, look for a continuation to the $63-$65 area in the next 1-3 months. An initial stop loss on a stock position can be placed under $58. Option traders can consider buying the Apr             20 $60 calls or $60/$63 bull call spreads upon that confirmed breakout.

Top ten holdings in the ETF (62.85% of assets): America Movil, Grupo Televisa, Fomento Economico, Grupo Financiero Banorte, Cemex, Wal-Mart de Mexico, Grupo Mexico, Fibra Uno Admin., Grupo Financiero Inbursa, and Alfa

The Mexican economy has had to deal with plunging oil             and peso prices in the previous months. Tepid results from Wal-Mart de Mexico and Coca-Cola FEMSA have reflected this too. While the economy has been growing in a roughly 2.5% range (in terms of GDP), economists are more positive for 2015. The collectively group see GDP at +3.2% for the year and Mexico's Ministry of Finance looks for 3.2%-4.2% growth.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out