Market Overview

Uptrend Call Realized As iShares Dow Jones US Homenstruction Index Fund Stock Rises 7.4% (ITB)

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SmarTrend identified an Uptrend for iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) on November 05, 2010 at $12.22. In approximately 6 months, iShares Dow Jones US Homenstruction Index Fund has returned 7.4% as of today's recent price of $13.13.

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 $14.92 and are now at $13.13, which is 25% above that low price.

iShares Dow Jones US Homenstruction Index Fund is currently above its 200-day moving average of $12.56 and should find resistance at its 50-day moving average of $13.29. 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 remained constant while the 200-day MA has risen 0.2%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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