Market Overview

Shares of ITB Down 4.4% Since Downtrend Call on Shares

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) on May 17, 2011 at $12.74. In approximately 3 weeks, iShares Dow Jones US Homenstruction Index Fund has returned 4.4% as of today's recent price of $12.19.

In the past 52 weeks, shares of iShares Dow Jones US Homenstruction Index Fund have traded between a low of $10.50 and a high of $14.29 and are now at $12.19, which is 16% above that low price.

iShares Dow Jones US Homenstruction Index Fund is currently below its 50-day moving average of $13.16 and below its 200-day moving average of $12.70. 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 fallen 0.39% 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 Dow Jones US Homenstruction Index Fund.

Write to Chip Brian at cbrian@mysmartrend.com

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