Market Overview

Uptrend Spotted in Shares of iShares Dow Jones US Medical Devices Index Fund (IHI)

(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Dow Jones US Medical Devices Index Fund (NYSE: IHI) on October 06, 2010 at $54.44. In approximately 3 months, iShares Dow Jones US Medical Devices Index Fund has returned 9.8% as of today's recent price of $59.77.

In the past 52 weeks, shares of iShares Dow Jones US Medical Devices Index Fund have traded between a low of $38.85 and a high of $61.00 and are now at $59.77, which is 54% above that low price.

iShares Dow Jones US Medical Devices Index Fund is currently above its 50-day moving average of $56.83 and above its 200-day moving average of $55.23. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.41% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares Dow Jones US Medical Devices Index Fund shares.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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