India Consumer Breaks Above 200-Day Moving Average - Bullish For INCO

Indian Prime Minister Narendra Modi's recent address to the U.S. Congress and Apple CEO Tim Cook's May visit to India both created a buzz around the subcontinent.

Emerging market stocks have performed well during the last three Federal Reserve tightening cycles, especially the consumer sectors.

While there are several different ways to gain exposure to emerging market consumers, India’s rising consumer class offers the best returns, says Emerging Global Advisors’ Nick Smithie.

In trading on Tuesday, shares of the India Consumer ETF entered into oversold territory, changing hands as low as $30.511 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.