Market Overview

Volume Spike Detected in Shares of iShares MSCI France Index Fund as They Move Lower on 2.2x Above-Average Volume (EWQ)

(via COMTEX News Network)--

Shares of iShares MSCI France Index Fund (NYSE: EWQ) are trading down 2.9% to $24.52 today on above average volume. Approximately 1.4 million shares have traded hands today vs. average 30-day volume of 437,000 shares.

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

SmarTrend currently has shares of iShares MSCI France Index Fund in an Downtrend and issued the Downtrend alert on May 17, 2011 at $26.95. The stock has fallen 6.3% since the Downtrend alert was issued.

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

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.

Write to Chip Brian at


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