Market Overview

iShares MSCI Switzerland Index Fund Shares Up 7.5% Since SmarTrend's Buy Recommendation (EWL)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares MSCI Switzerland Index Fund (NYSE: EWL) on April 06, 2011 at $25.61. In approximately 2 months, iShares MSCI Switzerland Index Fund has returned 7.5% as of today's recent price of $27.53.

In the past 52 weeks, shares of iShares MSCI Switzerland Index Fund have traded between a low of $19.26 and a high of $28.57 and are now at $27.53, which is 43% above that low price.

iShares MSCI Switzerland Index Fund is currently above its 50-day moving average of $26.91 and above its 200-day moving average of $24.75. 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 0.56% while the 200-day MA has risen 0.39%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares MSCI Switzerland Index Fund shares.

Write to Chip Brian at cbrian@mysmartrend.com

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