China's Factory Orders Rise But Stocks Sink On News
China's factory output expanded for the first time in 11 months in November. But stock markets in the world's second-largest economy fell on poor U.S. and eurozone manufacturing activity. IShares FTSE China 25 Index Fund (FXI) -- the flagship ETF tracking the People's Republic -- fell 0.94% to 36.80. It's trading above both its 50-day and 200-day moving average, which means it's in a solid uptrend. But its IBD Relative Strength Rating of 63 and
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