iShares S&P SmallCap 600 Value Index Fund Traded Higher on 11.2x Above-Average Volume (IJS)

Shares of iShares S&P SmallCap 600 Value Index Fund IJS traded up 0.4% to $64.54 today on above average volume. Approximately 2.7 million shares have traded hands today vs. average 30-day volume of 221,000 shares.

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

SmarTrend is bullish on shares of iShares S&P SmallCap 600 Value Index Fund and our subscribers were alerted to buy on February 17, 2010 at $58.30. The stock has risen 10.7% since the alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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