Market Overview

Volume Spike Detected in Shares of iShares Dow Jones US Homenstruction Index Fund as They Move Lower on 2.4x Above-Average Volume (ITB)

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(via COMTEX News Network)--

Shares of iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) are trading down 1.9% to $12.64 today on above average volume. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 541,000 shares.

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

iShares Dow Jones US Home Construction Index Fund is an exchange-traded fund located in the USA. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones US Select Home Builders Index.

In the last five trading sessions, the 50-day MA has fallen 0.18% while the 200-day MA has remained constant.

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 $12.75, which is 21% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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