Market Overview

Volume Spike Detected in Shares of iShares Dow Jones US Basic Materials Sector Index Fund as They Move Higher on 2.4x Above-Average Volume (IYM)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Basic Materials Sector Index Fund (NYSE: IYM) are trading up 0.1% to $80.15 today on above average volume. Approximately 1.7 million shares have traded hands today vs. average 30-day volume of 734,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of IYM to see if this bullish momentum will continue.

SmarTrend is monitoring the recent change of momentum in iShares Dow Jones US Basic Materials Sector Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares Dow Jones US Basic Materials Sector Index Fund in search of a potential trend change.

In the last five trading sessions, the 50-day MA has climbed 0.24% while the 200-day MA has risen 0.62%.

In the past 52 weeks, shares of iShares Dow Jones US Basic Materials Sector Index Fund have traded between a low of $52.07 and a high of $84.81 and are now at $80.00, which is 54% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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