Market Overview

Volume Spike Detected in Shares of iShares MSCI Switzerland Index Fund as They Move Lower on 3.6x Above-Average Volume (EWL)

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(via COMTEX News Network)--

Shares of iShares MSCI Switzerland Index Fund (NYSE: EWL) are trading down 0.1% to $26.47 today on above average volume. Approximately 2.2 million shares have traded hands today vs. average 30-day volume of 473,000 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 bearish momentum will continue.

iShares MSCI Switzerland Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective seeks to provide investment results that correspond to the performance of the Swiss market, as measured by the MSCI Switzerland Index. The Fund invests in a representative sample of index stocks using a "portfolio sampling" technique.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.24%.

In the past 52 weeks, shares of iShares MSCI Switzerland Index Fund have traded between a low of $20.24 and a high of $28.57 and are now at $26.49, which is 31% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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