Market Overview

SmarTrend Vindicated on iShares Dow Jones US Telecommunications Sector Index Fund Uptrend Call: Stock Price Up 6.2% (IYZ)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Dow Jones US Telecommunications Sector Index Fund (NYSE: IYZ) on April 01, 2011 at $23.93. In approximately 2 months, iShares Dow Jones US Telecommunications Sector Index Fund has returned 6.2% as of today's recent price of $25.43.

In the past 52 weeks, shares of iShares Dow Jones US Telecommunications Sector Index Fund have traded between a low of $18.36 and a high of $25.31 and are now at $25.43, which is 39% above that low price.

iShares Dow Jones US Telecommunications Sector Index Fund is currently above its 50-day moving average of $24.11 and above its 200-day moving average of $22.74. 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 climbed 0.58% while the 200-day MA has risen 0.3%.

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 Telecommunications Sector Index Fund shares.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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