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Japanese Stocks Worth A Look At These Levels
View from the Observation Deck
The Nikkei 225 Index has traded in a fairly tight range for the past 10 years. History has rewarded investors who bought around or below the 8000 level.
Since 7/12/02, the Nikkei 225's high was 18261.98 (7/9/07), while the low was 7054.98 (3/10/09). Its average price was 11614.71.
From a bottom on 3/10/09 (7054.98) through that particular rally's peak on 6/12/09 (10135.82), the Nikkei 225 Index posted a price-only return of 44% (USD).
The chart shows the index has experienced a bit of a rally of late as it bounced off its recent low of 8295.63 on 6/4/12 to close at 8720.01 on 7/12/12.
Year-to-date through 7/12, the Nikkei 225 Index's price-only return is 1.20% (USD).
Posted on
Thursday, July 12, 2012 @ 4:01 PM
These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.