iShares STOXX Banks: Three Targets Hit, But the Trade Isn't Over

The iShares STOXX Europe 600 Banks is at week 9 of a buy signal, with the trade up 6% from entry. All 3 statistical targets of our most advanced model have already been hit, but the management roadmap stays active through week 10. The setup quality indicator at 67 out of 100 is in tension, and the confirmation week closed bullish despite a technically weak reading that calls for caution.