Market Overview

iShares MSCI Switzerland Index Fund Looks to Continue to Trade Above its Annual-High Share Price Today (EWL)

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(via COMTEX News Network)--

Shares of iShares MSCI Switzerland Index Fund (NYSE: EWL) traded at a new 52-week high today of $28.40. Approximately 172,000 shares have traded hands today vs. average 30-day volume of 258,000 shares.

iShares MSCI Switzerland Index Fund is currently trading at $28.21, approximately 6.5% above its 50-day moving average of $26.49. SmarTrend will be monitoring shares of EWL to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 1.12% while the 200-day MA has risen 0.6%.

In the past 52 weeks, shares of iShares MSCI Switzerland Index Fund have traded between a low of $19.26 and a high of $28.01 and are now at $28.18, which is 46% above that low price.

SmarTrend currently has shares of iShares MSCI Switzerland Index Fund in an Uptrend and issued the Uptrend alert on April 06, 2011 at $25.61. The stock has risen 9.3% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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