On a technical basis, FNDE currently looks strong.
“FNDE currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against. In fact, FNDE is coming within striking distance of its all-time highs around $29 set back in September 2014,” according to ETF Daily News.
Although some developing economies have been viewed as vulnerable to Donald Trump’s presidency and there are concerns about the impact of interest rate increases by the Federal Reserves on emerging markets that have to service dollar-denominated debt, some market observers believe emerging equities can perform well again in 2017. FNDE is up more than 8% just this month.
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