Market Overview

Shares of iShares S&P SmallCap 600 Index Fund are Moving Higher on 1.3x Above-Average Volume (IJR)

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(via COMTEX News Network)--

Shares of iShares S&P SmallCap 600 Index Fund (NYSE: IJR) are trading up 2.3% to $72.06 today on above average volume. Approximately 1.5 million shares have traded hands today vs. average 30-day volume of 1.2 million shares.

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

SmarTrend currently has shares of iShares S&P SmallCap 600 Index Fund in an Uptrend and issued the Uptrend alert on May 07, 2010 at $58.59. The stock has risen 20.2% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.22% while the 200-day MA has risen 0.21%.

In the past 52 weeks, shares of iShares S&P SmallCap 600 Index Fund have traded between a low of $27.32 and a high of $72.98 and are now at $72.09, which is 164% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

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