Market Overview

Volume Spike Detected in Shares of iShares Russell Midcap Growth Index Fund as They Move Higher on 1.1x Above-Average Volume (IWP)

(via COMTEX News Network)--

Shares of iShares Russell Midcap Growth Index Fund (AMEX: IWP) are trading up 0.3% to $60.46 today on above average volume. Approximately 588,000 shares have traded hands today vs. average 30-day volume of 527,000 shares.

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

SmarTrend currently has shares of iShares Russell Midcap Growth Index Fund in an Uptrend and issued the Uptrend alert on May 07, 2010 at $46.62. The stock has risen 29.2% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.18% while the 200-day MA has risen 0.48%.

In the past 52 weeks, shares of iShares Russell Midcap Growth Index Fund have traded between a low of $19.00 and a high of $62.02 and are now at $60.19, which is 217% above that low price.

Write to Chip Brian at


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