Market Overview

iShares MSCI Switzerland Index Fund Has Returned 3.1% Since SmarTrend Recommendation (EWL)

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SmarTrend identified a Downtrend for iShares MSCI Switzerland Index Fund (NYSE: EWL) on June 16, 2011 at $26.50. In approximately 1 month, iShares MSCI Switzerland Index Fund has returned 3.1% as of today's recent price of $25.68.

In the past 52 weeks, shares of iShares MSCI Switzerland Index Fund have traded between a low of $20.64 and a high of $28.57 and are now at $25.68, which is 24% above that low price.

iShares MSCI Switzerland Index Fund is currently below its 50-day moving average of $26.98 and should find support at its 200-day moving average of $25.29. 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 0.6% while the 200-day MA has risen 0.32%.

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 Switzerland Index Fund.

Write to Chip Brian at cbrian@mysmartrend.com

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