Market Overview

Watch for Continued Gains in Shares of iShares Dow Jones US Energy Sector Index Fund (IYE)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Energy Sector Index Fund (NYSE: IYE) traded at a new 52-week high today of $46.03. Approximately 68,000 shares have traded hands today vs. average 30-day volume of 423,000 shares.

iShares Dow Jones US Energy Sector Index Fund is currently trading at $45.8, approximately 6.1% above its 50-day moving average of $43.18. SmarTrend will be monitoring shares of IYE to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.66% while the 200-day MA has risen 0.58%.

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 $45.75 and are now at $45.66, which is 110% above that low price.

SmarTrend currently has shares of iShares Dow Jones US Energy Sector Index Fund in an Uptrend and issued the Uptrend alert on November 04, 2010 at $35.33. The stock has risen 28.9% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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