SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for iShares S&P 500 Value Index Fund (IVE)

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SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of iShares S&P 500 Value Index Fund IVE. Yesterday's price range of 57.16 and 57.81 is within the previous day's price range.

This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.

Traders and investors interested in shares of iShares S&P 500 Value Index Fund may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

SmarTrend issued an Uptrend alert on shares of iShares S&P 500 Value Index Fund on March 02, 2010 at $53.99 per share (6.6% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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