An Uptrending Gap to New Highs for Robotics and Automation Fund ROBO
Tue, May 23, 2:31 PM ET, by Corey Rosenbloom
Here’s a fun ETF you may not have heard discussed before – it’s ROBO, the Global Robotics and Automation Fund and it just accompanied the market to a new all-time high.
In the chart below we see the continuing uptrend and new high this morning:
If you think robots and automation is a big future trend, you may want to read the prospectus and study this fund.
Right now, shares are uptrending with the broader stock market and just gapped above the $34.50 per share level.
We’re seeing volume and momentum accompany (confirm) the price movement as the moving averages highlight a strongly rising trend.
Like any new or emerging technology, there can be bumps along the road higher.
It’s probably advised to wait for a pullback, as would be the strategy for entering any uptrending stock.
Nevertheless, if you’re looking for something interesting and new, take a look at this fund and follow along.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”
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