Emerging Markets Bond ETF breaking out

Sticking with the theme of emerging markets on the back of Friday's (9/5) blog post on EEM, the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) is breaking higher from a 3-year big base.

Holding the 94-92 breakout zone, which is reinforced by rising 13-, 26-, and 40-week moving averages from the 93 to 91 area, would support this positive outlook for EMB, with potential upside to 97.50, 100.40, and possibly as high as 108.