Market Overview

iShares Dow Jones US Homenstruction Index Fund Has Returned 3.2% Since SmarTrend Recommendation (ITB)

Share:
(via COMTEX News Network)--

SmarTrend identified a Downtrend for iShares Dow Jones US Homenstruction Index Fund (NYSE: ITB) on May 17, 2011 at $12.74. In approximately 2 months, iShares Dow Jones US Homenstruction Index Fund has returned 3.2% as of today's recent price of $12.34.

In the past 52 weeks, shares of iShares Dow Jones US Homenstruction Index Fund have traded between a low of $10.50 and a high of $14.29 and are now at $12.34, which is 18% above that low price.

iShares Dow Jones US Homenstruction Index Fund is currently below its 50-day moving average of $12.67 and below its 200-day moving average of $12.85. 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 0.54% 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 Dow Jones US Homenstruction Index Fund.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!