Market Overview

Shares of iShares Dow Jones US Homenstruction Index Fund are Moving Higher on 2x Above-Average Volume (ITB)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) are trading up 0.8% to $13.32 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 567,000 shares.

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

SmarTrend currently has shares of iShares Dow Jones US Homenstruction Index Fund in an Uptrend and issued the Uptrend alert on November 05, 2010 at $12.22. The stock has risen 8.1% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has fallen 0.27% while the 200-day MA has risen 0.33%.

In the past 52 weeks, shares of iShares Dow Jones US Homenstruction Index Fund have traded between a low of $10.50 and a high of $15.70 and are now at $13.25, which is 26% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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