Market Overview

SmarTrend Detects Potential Break Out In Shares of iShares Dow Jones US Basic Materials Sector Index Fund (IYM)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Basic Materials Sector Index Fund (NYSE: IYM) traded at a new 52-week high today of $82.25. Approximately 348,000 shares have traded hands today vs. average 30-day volume of 849,000 shares.

iShares Dow Jones US Basic Materials Sector Index Fund is currently trading at $81.84, approximately 4.4% above its 50-day moving average of $78.38. SmarTrend will be monitoring shares of IYM to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.2% while the 200-day MA has risen 0.49%.

In the past 52 weeks, shares of iShares Dow Jones US Basic Materials Sector Index Fund have traded between a low of $52.07 and a high of $81.77 and are now at $81.94, which is 57% above that low price.

SmarTrend is monitoring the recent change of momentum in iShares Dow Jones US Basic Materials Sector Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Dow Jones US Basic Materials Sector Index Fund in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.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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