Market Overview

Trading Higher on Heavy Volume are Shares of iShares Dow Jones US Telecommunications Sector Index Fund on 1.1x Above-Average Volume (IYZ)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Telecommunications Sector Index Fund (NYSE: IYZ) are trading up 0.8% to $24.62 today on above average volume. Approximately 298,000 shares have traded hands today vs. average 30-day volume of 282,000 shares.

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

SmarTrend currently has shares of iShares Dow Jones US Telecommunications Sector Index Fund in an Uptrend and issued the Uptrend alert on April 01, 2011 at $23.93. The stock has risen 2.1% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.2% while the 200-day MA has risen 0.34%.

In the past 52 weeks, shares of iShares Dow Jones US Telecommunications Sector Index Fund have traded between a low of $16.28 and a high of $24.75 and are now at $24.70, which is 52% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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