The technical situation of the Eurostoxx 50 index (the index containing the 50 most important stocks of the EU stock exchanges) is interesting.
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The prices, after having leaned on the solid graphic support placed at 4,200 points, have in fact made a fast leap forward and have moved close to the important resistance located in the 4,420-4,425 points area (the area that represents the highs of recent months).
The breakout of this area, accompanied by a decisive increase in volumes, will open up new spaces for growth, with theoretical targets at 4,480 first and in the 4,515-4,520 area later.
However, a lateral consolidation above 4,300 points is likely before a new extension is possible.
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Only a daily close below 4,200 points could provoke a bearish trend reversal and push prices close to 4,140 first and into the 4,100-4,095 area later.
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The following ETFs can be used to invest in the Eurostoxx 50 index:
iShares Core EURO STOXX 50 UCITS, ISIN IE00B53L3W7. This ETF has €3,504m in assets under management, physical replication of the underlying and an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.10% per annum.
Xtrackers EURO STOXX 50 UCITS, ISIN LU038086502. This ETF has €3,273m in assets under management, physical replication of the underlying and an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.09% per annum.
Invesco EURO STOXX 50 UCITS, ISIN IE00B60SWX25. This ETF has €234m in assets under management, synthetic replication of the underlying (via a swap) and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.05% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
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