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The PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE) seeks investment results that correspond generally to the price and yield performance of the Dorsey Wright Emerging Markets Technical Leaders Index.
This ETF is for those investors who seek a broad representation in the foreign emerging markets that give some protection against a falling U.S. dollar.
It is now selling very close to its intermediate support line, which is a good spot to buy PIE with a target of $22.
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