Shares of ILF Down 3.4% Since Downtrend Call on Shares
SmarTrend identified a Downtrend for iShares S&P Latin America 40 Index Fund (AMEX: ILF) on April 12, 2011 at $53.35. In approximately 4 weeks, iShares S&P Latin America 40 Index Fund has returned 3.4% as of today's recent price of $51.52.
In the past 52 weeks, shares of iShares S&P Latin America 40 Index Fund have traded between a low of $39.21 and a high of $55.38 and are now at $51.52, which is 31% above that low price.
iShares S&P Latin America 40 Index Fund is currently below its 50-day moving average of $52.69 and should find support at its 200-day moving average of $51.20. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.17%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of iShares S&P Latin America 40 Index Fund.
Write to Chip Brian at cbrian@mysmartrend.com
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