Market Overview

Buyers Accumulating Shares of iShares S&P 500 Index Fund on 1x Above-Average Volume (IVV)

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(via COMTEX News Network)--

Shares of iShares S&P 500 Index Fund (NYSE: IVV) are trading up 0.2% to $134.00 today on above average volume. Approximately 3 million shares have traded hands today vs. average 30-day volume of 2.9 million shares.

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

SmarTrend currently has shares of iShares S&P 500 Index Fund in an Uptrend and issued the Uptrend alert on September 20, 2010 at $114.55. The stock has risen 16.8% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.22% while the 200-day MA has risen 0.26%.

In the past 52 weeks, shares of iShares S&P 500 Index Fund have traded between a low of $88.42 and a high of $135.18 and are now at $133.87, which is 51% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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