The Malaysia iShares ETF (EWM) offers exposure to Malaysian equities, with strong technical momentum and a 100% “Buy” opinion from Barchart. The ETF is trading near a new 5-year high, up 24% over the past 52 weeks, and yields nearly 3% in dividends. Investing in foreign securities adds market, currency, and sector concentration risks.

With $370 million under management, the EWM seeks to track the MSCI Malaysia Index. Barchart’s screening functions identified EWM as having superior momentum and a Trend Seeker “Buy” signal, resulting in a 14.97% increase since Nov. 3. The ETF recently traded at $29.94 with a 50-day moving average of $28.39.

The Malaysia ETF scored a 5-year high of $30.14 on Feb. 20, has a Weighted Alpha of +30.88, and a 100% “Buy” opinion from Barchart. It has gained 23.65% over the past 52 weeks, with a Trend Seeker “Buy” signal intact and 3 new highs in the past month. The RSI is at 63.34, with a technical support level around $29.90.

CFRA’s MarketScope rates the ETF a “3 Star” selling at a 0.03% premium. 4,300 investors on Seeking Alpha rate it a “Buy,” but note the concentration in the Malaysian financial sector. This is a technical play only, and diversification with a moving stop loss discipline is recommended. Jim Van Meerten does not have positions in any securities mentioned.

Read more at Yahoo Finance: Add Foreign Exposure to Your Portfolio with This 1 ETF