After an ugly selloff from last December to late June, Market Vectors Egypt ETF ($EGPT) reversed off the lows on big volume and rallied 20% higher before stalling out around $47. After a near two month consolidation that held above the rising 10-week MA, $EGPT broke above the highs of the range this week on a pick up in volume. The price action also cleared the 40-week MA (in orange) on the weekly chart.

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