With turmoil in China and Greece, emerging markets may look like a risky bet. But according to one technical analyst, this is the perfect time to buy into those global stocks.
"Over the past six years, emerging markets have done absolutely nothing. But there's been one way to make money," said Evercore ISI's head of technical analysis, Rich Ross.
The key, he said, has been to buy emerging markets on the lows, sell on the highs and repeat.
Since mid-2009, the MSCI Emerging Markets ETF (EEM) has traded in a predictable range between $37 and $45. Ross points out seven times the ETF has rallied after falling close to the $37 level in the past six years.