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Market Overview

iShares Dow Jones US Oil Equipment & Services Index Fund Shares Up 8.6% Since SmarTrend's Buy Recommendation (IEZ)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for iShares Dow Jones US Oil Equipment & Services Index Fund (NYSE: IEZ) on June 29, 2011 at $62.48. In approximately 4 weeks, iShares Dow Jones US Oil Equipment & Services Index Fund has returned 8.6% as of today's recent price of $67.84.

In the past 52 weeks, shares of iShares Dow Jones US Oil Equipment & Services Index Fund have traded between a low of $37.77 and a high of $69.39 and are now at $67.84, which is 80% above that low price.

iShares Dow Jones US Oil Equipment & Services Index Fund is currently above its 50-day moving average of $62.84 and above its 200-day moving average of $59.45. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.72% while the 200-day MA has risen 0.58%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of iShares Dow Jones US Oil Equipment & Services Index Fund shares.

Write to Chip Brian at cbrian@mysmartrend.com

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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

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