Market Overview

Shares of iShares S&P National Municipal Bond Fund are Moving Lower on 1.2x Above-Average Volume (MUB)

Share:
(via COMTEX News Network)--

Shares of iShares S&P National Municipal Bond Fund (NYSE: MUB) are trading down 1.1% to $96.26 today on above average volume. Approximately 688,000 shares have traded hands today vs. average 30-day volume of 318,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of MUB to see if this bearish momentum will continue.

SmarTrend currently has shares of iShares S&P National Municipal Bond Fund in an Downtrend and issued the Downtrend alert on November 10, 2010 at $104.05. The stock has fallen 6.5% since the Downtrend alert was issued.

In the last five trading sessions, the 50-day MA has fallen 0.55% while the 200-day MA has remained constant.

In the past 52 weeks, shares of iShares S&P National Municipal Bond Fund have traded between a low of $96.89 and a high of $107.29 and are now at $96.50, which is -0% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com