div > div.group > p:first-child"> The IGV tech-software sector ETF, which holds stocks such as Salesforce.com and Oracle, is up more than 18 percent in 2019, better than the 15 percent gain on the broader XLK technology ETF.
"The ETF has pushed right up into its 2018 highs at around $206. That's resistance. Aside from what could be a pause here, we think investors want to own this ETF ahead of what we think is going to be a breakout above this resistance level," said Wald."You have a bullish trend going into it. You can see that rising 200-day moving average. The ETF also scores well in our momentum ranks.
Wald said it is"also reversing its near-term downtrend and we think positioned to see a resumption of its long-term uptrend, so overall we think these high-growth companies continue to lead the S&P's secular advance in this low growth world." "One of the reasons it has done well is that it is a very profitable business. It has very high margins," Sanchez said on"Trading Nation" on Monday.
EasyEquities, you should really add the $EGV ETF (software tech stocks) to your U.S. offering.
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