Market Overview

SmarTrend Detects Continued Buying Pressure in Shares of iShares Dow Jones US Energy Sector Index Fund (IYE)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Dow Jones US Energy Sector Index Fund (NYSE: IYE) on November 04, 2010 at $35.33. In approximately 4 months, iShares Dow Jones US Energy Sector Index Fund has returned 22.2% as of today's recent price of $43.15.

In the past 52 weeks, shares of iShares Dow Jones US Energy Sector Index Fund have traded between a low of $21.75 and a high of $45.32 and are now at $43.15, which is 98% above that low price.

iShares Dow Jones US Energy Sector Index Fund is currently above its 50-day moving average of $41.91 and above its 200-day moving average of $35.08. 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 1% while the 200-day MA has risen 0.78%.

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 Energy Sector Index Fund shares.

Write to Chip Brian at cbrian@tradethetrend.com

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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

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