Market Overview

SmarTrend Detects Potential Break Out In Shares of iShares Dow Jones US Telecommunications Sector Index Fund (IYZ)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Telecommunications Sector Index Fund (NYSE: IYZ) traded at a new 52-week high today of $25.89. Approximately 52,000 shares have traded hands today vs. average 30-day volume of 365,000 shares.

iShares Dow Jones US Telecommunications Sector Index Fund is currently trading at $25.72, approximately 6.1% above its 50-day moving average of $24.23. SmarTrend will be monitoring shares of IYZ to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 1.08% while the 200-day MA has risen 0.54%.

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 $25.64 and are now at $25.89, which is 41% above that low price.

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 7% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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