Market Overview

Uptrend Call Realized As iShares MSCI France Index Fund Stock Rises 7.9% (EWQ)

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SmarTrend identified an Uptrend for iShares MSCI France Index Fund (NYSE: EWQ) on March 24, 2011 at $26.58. In approximately 1 month since that trend was identified, iShares MSCI France Index Fund has returned 7.9% as of today's recent price of $28.68.

In the past 52 weeks, shares of iShares MSCI France Index Fund have traded between a low of $19.24 and a high of $28.10 and are now at $28.68, which is 49% above that low price.

iShares MSCI France Index Fund is currently above its 50-day moving average of $26.64 and above its 200-day moving average of $24.66. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.23% while the 200-day MA has risen 0.27%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares MSCI France Index Fund shares.

Write to Chip Brian at cbrian@mysmartrend.com

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