The PerfChart below shows three month performance for seven auto stocks, six of which feature in the Global Auto ETF (CARZ). Notice that Fiat, VW and Damlier have the biggest gains. Even though these three are based in Europe, they have global reach and benefited from strong auto sales elsewhere. Ford and GM are split, and the Japanese carmakers are down.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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