Market Overview

iShares Dow Jones US Technology Sector Index Fund: The Trend Continues Up (IYW)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Dow Jones US Technology Sector Index Fund (NYSE: IYW) on October 18, 2010 at $60.87. In approximately 5 months, iShares Dow Jones US Technology Sector Index Fund has returned 12.8% as of today's recent price of $68.66.

In the past 52 weeks, shares of iShares Dow Jones US Technology Sector Index Fund have traded between a low of $38.00 and a high of $70.00 and are now at $68.66, which is 81% above that low price.

iShares Dow Jones US Technology Sector Index Fund is currently above its 50-day moving average of $67.13 and above its 200-day moving average of $59.82. 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 0.32% while the 200-day MA has risen 0.25%.

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 Technology Sector Index Fund shares.

Write to Chip Brian at cbrian@tradethetrend.com

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