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FEZ and EWJ Stocks Trading above Moving Averages

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Moving averages for top performers of FEZ

On Tuesday, November 24, 2015, the top performing stocks of the SPDR Euro STOXX 50 ETF (FEZ) were Volkswagen (VLKAY), Repsol, Anheuser-Busch (BUD), and Total (TOT).

Volkswagen was trading at 20% below its 100-day moving average, but the company was trading at 6% and 13% above its 50-day and 20-day moving averages, respectively.

Repsol was trading 4%, 7%, and 5% above its 20-day, 50-day, and 100-day moving averages, respectively. Total (TOT) was trading 1%, 5%, and 6% above its 20-day, 50-day, and 100-day moving averages, respectively.

Anheuser-Busch was trading 7%, 15%, and 14% above its 20-day, 50-day, and 100-day moving averages, respectively.

The table above shows the moving averages, forward target price, and returns of Volkswagen, Repsol, Total, Anheuser-Busch, Toyota Motor, Eisai, and Denko.

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Moving averages for top performers of EWJ

On Tuesday, November 24, 2015, the top performing stocks of the iShares MSCI Japan ETF (EWJ) were Toyota Motor (TM), Eisai, and Nitto Denko.

Toyota was trading at par with its 100-day moving average and 1.5% and 4% above its 20-day and 50-day moving averages, respectively.

Eisai was trading 8%, 10%, and 4% above its 20-day, 50-day, and 100-day moving averages, respectively. Nitto Denko was trading 5%, 11%, and 3% above its 20-day, 50-day, and 100-day moving averages, respectively.

Analysts’ estimates

Analysts’ estimates indicate an upside of 1.7%, 13%, 0.93%, 8%, and 17% for Volkswagen, Repsol, Total, Nitto Denko, and Toyota, respectively, from its current levels as of November 24 over the next 12-month period. But Anheuser-Busch and Eisai had the downside of 4.2% and 1.3%, respectively.

Volkswagen and Toyota are on their way toward hitting analysts’ estimate.

In the next part of this series, we’ll analyze how the oil and gas industry outperformed other industries in FEZ.

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