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India ETN showinf sell signs

|Includes: iPath MSCI India Index ETN (INP)

This morning the India ETN (NYSEARCA:INP) shows some sell signals.

The iPath MSCI India Index ETNs (INP) is linked to the MSCI India Total Return Index (the "Index"). The Index is a free-float-adjusted market capitalization index designed to measure the market performance, including price performance and income from dividend payments, of Indian equity securities. The Index seeks to represent approximately 85% of the free-float-adjusted market capitalization of equity securities by industry group within India. As of September 30, 2009, the Index was comprised of 60 companies listed on the National Stock Exchange of India (the "NSE").
Technical Factors:
  • 80% Barchart technical sell signal
  • Trend Spotter (tm) sell signal
  • Below 20, 50 and 100 day moving averages
  • 22.41% off the recent high
  • Relative Strength Index 39.69%
Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs  in his daily blog -- Barchart Portfolio Blogs.