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Market Overview

SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of iShares MSCI Spain Index Fund (EWP)

(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares MSCI Spain Index Fund (NYSE: EWP) on January 13, 2011 at $38.58. In approximately 2 months, iShares MSCI Spain Index Fund has returned 7.5% as of today's recent price of $41.46.

In the past 52 weeks, shares of iShares MSCI Spain Index Fund have traded between a low of $29.85 and a high of $45.29 and are now at $41.46, which is 39% above that low price.

iShares MSCI Spain Index Fund is currently above its 50-day moving average of $39.95 and above its 200-day moving average of $38.69. 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 0.64% while the 200-day MA has risen 0.27%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares MSCI Spain 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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