Market Overview

Watch for Continued Gains in Shares of iShares Russell Midcap Growth Index Fund (IWP)

(via COMTEX News Network)--

Shares of iShares Russell Midcap Growth Index Fund (AMEX: IWP) traded at a new 52-week high today of $62.48. Approximately 51,000 shares have traded hands today vs. average 30-day volume of 516,000 shares.

iShares Russell Midcap Growth Index Fund is currently trading at $62.45, approximately 3.9% above its 50-day moving average of $60.09. SmarTrend will be monitoring shares of IWP to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.32%.

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 $62.26 and are now at $62.35, which is 228% above that low price.

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 33.2% since the Uptrend alert was issued.

Write to Chip Brian at


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