Market Overview

iShares S&P 500 Index Fund: 52-Week High Recently Eclipsed (IVV)

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(via COMTEX News Network)--

Shares of iShares S&P 500 Index Fund (NYSE: IVV) traded at a new 52-week high today of $131.54. Approximately 1.9 million shares have traded hands today vs. average 30-day volume of 3.1 million shares.

iShares S&P 500 Index Fund is currently trading at $131.47, approximately 4.1% above its 50-day moving average of $126.28. SmarTrend will be monitoring shares of IVV to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.68% while the 200-day MA has risen 0.17%.

In the past 52 weeks, shares of iShares S&P 500 Index Fund have traded between a low of $88.42 and a high of $131.46 and are now at $131.09, which is 48% above that low price.

SmarTrend currently has shares of iShares S&P 500 Index Fund in an Uptrend and issued the Uptrend alert on September 20, 2010 at $114.55. The stock has risen 14.6% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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