Monday, April 28, 2014

Emerging Market High Yield Bond Fund Update (TGEIX)

A previous post on March 26, 2014 indicated TGEIX had broken above falling resistance and the 200-day simple moving average.

The chart below shows that TGEIX has continued to move above falling resistance line R1 (red) along short-term support line S1 (light blue).

(Click Chart to Enlarge)

TGEIX Chart: 5-yr | daily | semi-log

Going forward we will be interested in TGEIX's price movements relative to S2, R1, and S1.

Not Investment Advice | Important Disclaimer: 
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher established a position in TGEIX on March 26, 2014.

Base Chart Provided Courtesy of  Analysis and Annotation by JunkBond

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