Market Overview

Buyers Accumulating Shares of iShares MSCI Switzerland Index Fund on 1x Above-Average Volume (EWL)

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(via COMTEX News Network)--

Shares of iShares MSCI Switzerland Index Fund (NYSE: EWL) are trading up 0.7% to $27.30 today on above average volume. Approximately 339,000 shares have traded hands today vs. average 30-day volume of 332,000 shares.

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

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 5.9% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has climbed 0.44% while the 200-day MA has risen 0.37%.

In the past 52 weeks, shares of iShares MSCI Switzerland Index Fund have traded between a low of $19.82 and a high of $28.57 and are now at $27.27, which is 38% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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