Market Overview

Watch for Continued Gains in Shares of iShares Russell 3000 Index Fund (IWV)

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(via COMTEX News Network)--

Shares of iShares Russell 3000 Index Fund (AMEX: IWV) traded at a new 52-week high today of $81.76. Approximately 51,000 shares have traded hands today vs. average 30-day volume of 288,000 shares.

iShares Russell 3000 Index Fund is currently trading at $81.66, approximately 3.7% above its 50-day moving average of $78.74. SmarTrend will be monitoring shares of IWV to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.16% while the 200-day MA has risen 0.47%.

In the past 52 weeks, shares of iShares Russell 3000 Index Fund have traded between a low of $35.50 and a high of $81.56 and are now at $81.64, which is 130% above that low price.

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 17.8% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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