HYG Breaks Above Resistance Lines

As shown by the three blue lines in the daily chart below, including two falling trend lines and the 50-day ema.

click chart to enlarge

Similarly the $17 Billion Vanguard MUTF (VWEHX) shows similar breakouts on its daily chart below.

click chart to enlarge

Also note breaks above 50 on the RSI portions of each chart.


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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 junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

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The author/publisher is long corporate high yield bond funds at the time this article was written. This position may change depending on future price action.

Base Chart Provided Courtesy of StockCharts.com.  Analysis and Annotation by JunkBond Recycling.com (all rights reserved)