Market Overview

iShares MSCI France Index Fund Shares Down 8.9% Since SmarTrend Said Sell (EWQ)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for iShares MSCI France Index Fund (NYSE: EWQ) on May 17, 2011 at $26.95. In approximately 2 months, iShares MSCI France Index Fund has returned 8.9% as of today's recent price of $24.54.

In the past 52 weeks, shares of iShares MSCI France Index Fund have traded between a low of $20.43 and a high of $29.16 and are now at $24.54, which is 20% above that low price.

iShares MSCI France Index Fund is currently below its 50-day moving average of $26.90 and below its 200-day moving average of $25.99. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 1.29% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of iShares MSCI France Index Fund.

Write to Chip Brian at cbrian@mysmartrend.com

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