Market Overview

Volume Spike Detected in Shares of iShares Russell 3000 Index Fund as They Move Higher on 1.9x Above-Average Volume (IWV)

Share:
(via COMTEX News Network)--

Shares of iShares Russell 3000 Index Fund (AMEX: IWV) are trading up 0% to $78.60 today on above average volume. Approximately 566,000 shares have traded hands today vs. average 30-day volume of 300,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of IWV to see if this bullish momentum will continue.

SmarTrend currently has shares of iShares Russell 3000 Index Fund in an Uptrend and issued the Uptrend alert on May 12, 2010 at $69.16. The stock has risen 13.6% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.15% while the 200-day MA has risen 0.33%.

In the past 52 weeks, shares of iShares Russell 3000 Index Fund have traded between a low of $35.50 and a high of $80.38 and are now at $78.29, which is 121% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!