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Mobile Payments ETF

Since the beginning of June, IPAY – the PureFunds ISE Mobile Payments ETF – is moving in a strong bullish trend between its 10-day exponential moving average and the upper Bollinger Band.

IPAY’s 20- and 50-day exponential moving average are also rising and diverging from each other, which means that momentum keeps its strength.

The last time price touched its 10-day exponential moving average, a series of three bullish days brought price back in course.

Finally, IPAY’s Relative Strength has been moving up and mostly above its 20-day exponential moving average since early January, as this ETF outperforms our benchmark, the SPY.

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