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ETF's Alert - IShares MSCI Japan Index

|Includes: iShares MSCI Japan ETF (EWJ)

 

During the past week, iShares MSCI Japan Index (NYSEARCA:EWJ) increased 0.17 points, or 1.38%, to 12.48. The price has reached its highest level since July 2008. It is above the Parabolic SAR and above 20 and 50 Day Moving Average.

Monthly, weekly, and daily Williams' Percentage Range (W%R) and weekly Lane's Stochastic are strongly overbought. Daily Lane's Stochastic (%D-Slow) has bearish divergence. Divergences in the Lane's Stochastic can be used to foreshadow reversals.

The iShares MSCI Japan Index monthly uptrend started on January 06, 2015 at 10.89 and reached 12.49 on March 13, 2015, making 14.69% gain in nine weeks.

EWJ: iShares MSCI Japan Index

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