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SmarTrend Detects Continued Buying Pressure in Shares of iShares MSCI Japan Index Fund (EWJ)

(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares MSCI Japan Index Fund (NYSE: EWJ) on November 05, 2010 at $10.30. In approximately 2 months, iShares MSCI Japan Index Fund has returned 6.6% as of today's recent price of $10.99.

In the past 52 weeks, shares of iShares MSCI Japan Index Fund have traded between a low of $9.15 and a high of $11.03 and are now at $10.99, which is 20% above that low price.

iShares MSCI Japan Index Fund is currently above its 50-day moving average of $10.51 and above its 200-day moving average of $10.02. 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 0.66% 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 MSCI Japan Index Fund shares.

Write to Chip Brian at


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

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