Monday, June 23, 2014

Corporate High Yield Bond ETF (HYG) - Update

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is the largest U,S. corporate high yield bond exchange traded fund (ETF) with total assets exceeding $13.5 million at the time this article was written.

Below is 5-year, daily chart for HYG with support and resistance lines.  The chart patterns and associated annotation/interpretation are essentially the same as that posted for VWEHX in the previous post here.  So the same discussion will not be reproduced here. Please see the previous post.  However, do note that overbought conditions (RSI over 70) do not currently exist for HYG; although it appears that historically (during the chart's time period), the RSI rarely exceeded 70 (for the 20-day period parameter setting that we use).

(Click Chart to Enlarge)

HYG Chart: 5yr | daily | semi-log | unadjusted prices

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 does not hold positions in HYG, but has positions in several corporate high yield bond mutual funds.

Base Chart Provided Courtesy of  Analysis and Annotation by (All Rights Reserved)

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