China Large Cap ETF Revisits 2015 Low And Rebounds

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

i-Shares China Large-Cap ETF

shares are trading lower by $2.20 at $41.64 in Tuesday's session. The collapse in the Chinese stock is being reflected by the steep decline in this ETF. In today's session, it reached its lowest level ($40.71), since it peaked on April 27 at $52.85. The low reached earlier in the session coincides with the pair of lows the ETF made on March 10 ($40.64) and March 11 ($40.72) on its way to its recent high. The $40.64 low represents its yearly low as well. Since making the low, it has rebounded to $41.68 and has been pausing at that area over the last hour.