UnknownUnicorn16739272

$IWM - Breakout with continuation

AMEX:IWM   iShares Russell 2000 ETF
IWM finally broke out yesterday after a year of consolidation. We could see a retest of the breakout but ultimately it was a nice signal with follow through today. You can also use actively managed funds to get access without as much risk as an individual company name. There are many great mutual fund/ETF funds that I personally like and have been/will be using in client accounts. New 52 Week high was also reached today which helps to confirm breakout. If you want to add a stop loss around the $225-230 area in case this is a false breakout, it would make sense. The measured move is $280+ and I am looking for $300+. Good luck to you!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.